Falling World Oil Prices Wreak Havoc With Alaska State Budget

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“It’s been a long time coming,” Newton said Sunday afternoon, breath steaming outside a downtown gas station.
At the same time a few blocks away, freshly elected Gov. Bill Walker met with his new bipartisan Cabinet. He was talking about oil prices too.
A crash in Alaska North Slope crude prices that echoes a worldwide drop in the price of oil has raised the possibility of multibillion-dollar deficits in a state where 88 cents of every dollar spent by state government comes from oil production.
Alaska crude hit a four-year low of $60.80 a barrel Thursday, a collapse that threatens jobs, public services and some of the ambitious infrastructure projects needed to harness and navigate the state’s vast natural landscape. State officials are now projecting a $3.5-billion shortfall in funding the state’s original spending plans. (Read more from this story HERE)


JAMES LAPLANTE, also known as JIMMY O’BRIEN, who works as the PD and morning man at iHEARTMEDIA Country KASH-F (COUNTRY 107.5)/ANCHORAGE, was arrested by local police last evening for posessesion and distribution of child pornographY, as well as online enticement of a minor, according to the ALASKA DISPATCH NEWS.

I received a Facebook message the other day from one of my readers in Cordova, Alaska.


