The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Alaska mining faces ups, downs from low oil prices, budget-cutting moves
Plummeting oil prices have put Alaska residents and Alaska miners in the same boat. Suddenly, it's less expensive to top off the tank of an SUV or a haul truck, but the state budget, fueled by oil revenue, is teetering on the edge of an estimated $3.5 billion deficit. That's $10 million a day for 2015.
"We know Alaska is experiencing a significant drop in revenue - the price of oil has dropped mor...
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