Managing Alaska’s Petroleum Nest Egg for Maximum Sustainable Yield

A new analysis by Scott Goldsmith, professor of economics at ISER, estimates that Alaska’s state government currently has a petroleum nest egg of about $155 billion, including both the value of revenues from oil and gas yet to be produced and money already in the bank. The state can afford to spend about $6.2 billion a year from the earnings of that nest egg for decades to come, taking population growth into account. But this fiscal year, the state is expected to spend close to $7 billion—shrinking the nest egg for coming generations.

See the full analysis (1.1MB).

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