oil Archives - Institute of Social and Economic Research

Virtual Forum on Proposition 1 – Alaska 2020 – UPDATE: Video and transcript now available

Would you like more information about Ballot Measure 1? If so, are not alone. The “Fair Share Act”, the initiative to change the State of Alaska’s oil production (severance) tax, has many Alaskans puzzled about how oil taxes work now, how the initiative would change how they work, and what issues to think about before voting. The Anchorage Association for Energy Economists (AAEE) and the University of Alaska Anchorage Institute of Social and Economic Research (ISER), invite you to participate in a live Zoom forum on the ballot measure from 12:00 noon – 1:30 pm, Monday October 12. Read more about > Virtual Forum on Proposition 1 – Alaska 2020 – UPDATE: Video and transcript now available

Chris Start2020-10-16T11:21:34-08:00October 5th, 2020|Categories: News|Tags: ballot measure 1, Matthew Berman, oil|

Who Benefits from an Oil Boom? Mostly non-residents

UAA Professors Mouhcine Guettabi and Alex James have just published a paper in the journal Resource and Energy Economics entitled “Who benefits from an Oil Boom? Evidence from a Unique Alaska Data Set.” The paper applies a statistical approach called the “Synthetic Control Method” to examine the impact of the oil boom that began in 2006 on employment and income for residents and non-residents of the North Slope Borough. The study uses data from 2000 to 2016. Read more about > Who Benefits from an Oil Boom? Mostly non-residents

Chris Start2023-07-19T11:24:29-08:00September 17th, 2020|Categories: News|Tags: economy, Investing for Alaska's Future, Mouhcine Guettabi, oil|

Goldsmith talks about increased construction with APRN

Scott Goldsmith, Professor Emeritus of Economics at ISER, spoke with Abbey Collins of Alaska Public Radio Network last week about increased construction spending in Alaska, particularly increases in petroleum and national defense spending. These increases, along with spending as a result of the 7.1 magnitude earthquake in November, are contributing to what Goldsmith estimates to be about a 10% increase in construction spending over 2018. Goldsmith's estimates of spending by sector are available in the 16th annual construction forecast, prepared for the Associated General Contractors of Alaska. Read more about > Goldsmith talks about increased construction with APRN

Chris Start2023-07-26T11:32:15-08:00June 20th, 2019|Categories: News|Tags: alaska, construction, earthquake, economy, oil, Scott Goldsmith|

Guettabi speaks at Alaska State Chamber’s Fall Forum

ISER’s Mouhcine Guettabi told attendees at the Alaska State Chamber of Commerce’s Fall Forum in Fairbanks, “The future of Alaska economic development will rest on the success of the traditional basic sectors and the pursuit of new opportunities. Most importantly, it will depend on whether the state can address […]

Chris Start2023-07-19T13:51:54-08:00October 25th, 2018|Categories: News|Tags: economy, employment, Investing for Alaska's Future, Mouhcine Guettabi, oil|

Guettabi explains oil price influence on energy-dependent states in Alaskanomics

How did we get here? The Alaska economy is heavily dependent on the oil sector both in terms of private sector jobs and government funding. Since the rapid decline in oil prices, it has experienced a prolonged recession with declines in employment across most sectors. Before the end of 2014, oil prices were elevated for a long period of time when the price exceeded 100 dollars for multiple months. However, starting June 2014, oil prices experienced a deep drop averaging only $54.26 in the 4 years since. This is much lower than the $84.47 they averaged between 2006 and July 2014. While oil prices started declining in June of 2014, the first month of negative employment growth did not occur until October 2015. The state has essentially lost jobs in every month since that initial decline. This has also resulted in a precipitous drop in government revenues, which has forced the state to use savings to fill the fiscal gap. To gain perspective on the depth and severity of the Alaska experience, we attempt to compare the recessions across states and understand the features of the states which fared best and worst. Read more about > Guettabi explains oil price influence on energy-dependent states in Alaskanomics

Chris Start2023-07-24T21:38:45-08:00October 19th, 2018|Categories: News|Tags: economy, oil|

Research Matters No. 116: How do oil prices influence Alaska and other energy-dependent states?

The state is in the midst of its longest recession. A new analysis by Mouhcine Guettabi, an associate professor of economics at ISER, analyzes how the recent decline in oil prices has affected the overall Alaska economy and its individual sectors, compares the Alaska recession to that of other energy-dependent states, and estimates the long run relationship between oil prices and employment growth. Read more about > Research Matters No. 116: How do oil prices influence Alaska and other energy-dependent states?

Chris Start2023-07-19T14:03:19-08:00October 4th, 2018|Categories: News, Research Matters|Tags: economy, Investing for Alaska's Future, oil|

Alaska’s Oil Production Tax: Comparing the Old and the New

Last year the Alaska Legislature made a controversial change in the oil production tax, the state’s largest source of oil revenue. The old tax, known as ACES (Alaska’s Clear and Equitable Share), was replaced with MAPA (More Alaska Production Act, or SB21). Critics and supporters of the change strongly disagree […]

Chris Start2023-07-19T15:04:20-08:00May 1st, 2014|Categories: News|Tags: alaska, economy, Investing for Alaska's Future, oil|