Research Matters #52: Oil Pumps Alaska’s Economy to Twice the Size—But What’s Ahead?

Think about this: if oil had never been discovered on the North Slope, Alaska’s economy today would be about half as big. And to keep the economy healthy as time goes on, Alaska needs new oil production: nothing else—including North Slope natural gas—can replace oil in the state’s economy. These are the findings of a new paper by Scott Goldsmith, professor of economics at ISER.…

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