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North Slope crude oil prices dropped nearly $7 last week, forcing some Alaska politicians to rethink how the state's budget will be impacted next year.
State budget squeezed by falling oil prices 112608 NEWS 2 Capital City Weekly North Slope crude oil prices dropped nearly $7 last week, forcing some Alaska politicians to rethink how the state's budget will be impacted next year.
Wednesday, November 26, 2008

Story last updated at 11/25/2008 - 4:35 pm

State budget squeezed by falling oil prices

North Slope crude oil prices dropped nearly $7 last week, forcing some Alaska politicians to rethink how the state's budget will be impacted next year.

Oil prices are now around $44.53 per barrel, reported the Associated Press on Monday, down more than $100 per barrel from when prices topped $147 in July.

About 90 percent of Alaska's budget comes from taxes and fees paid by oil companies, reported the AP.

Gov. Sarah Palin is expected to release her 2010 budget in about three weeks.


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