Very important article from Foreign Policy analyzing the bottom line that various swing suppliers of oil can handle. As you read, keep in mind that Alaskas budget this year is based on $105/bbl oil, and even at that level is predicted to finish $1.6 billion in the red. The takeaway from the article? As long as demand remains relatively stagnant, theres not going to be much upward pressure on oil to recover from the new level it has found over the past few weeks ($95). The takeaway for Alaska? Difficult -- potentially very difficult -- times coming up. A question that increasingly should be asked on the campaign trail. ow.ly/CgvYP
Posted on: Sat, 04 Oct 2014 02:00:06 +0000