TITLE

Budget's Pipeline Problems

AUTHOR(S)
Saskal, Rich
PUB. DATE
August 2006
SOURCE
Bond Buyer;8/11/2006, Vol. 358 Issue 32443, p33
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the impact of the possible shut down production at the Prudhoe Bay oil field of BP Exploration Alaska Inc. on the economy of the state. Michael Williams, chief economist for the state Department of Revenue, said that the shutdown would have a destructive impact on the Alaska's budget, however it would not imperil its solvency. Moreover, the closure would reduce oil production by 400,000 barrels per day and would cost the state about 90 percent of the general fund.
ACCESSION #
22056359

 

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