The future of Alaska oil.

• Author: Ainsworth, Joel
• Position: Alaska Trends

Each year, the Alaska Department of Revenue publishes its "Revenue Sources Book," which reports the previously collected tax revenues for the State. It also projects expected revenues for the next 10 years. Alaska's tax revenue is broken into four categories: restricted and unrestricted oil revenue, and restricted and un-restricted revenue from non-oil sources. Currently, the Alaska Department of Revenue projects revenues from oil will continue to make up at least 87 percent of the general fund over the next decade.

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As part of the report, a forecast of North Slope crude oil production is provided. The graph above shows the relative percentage of crude oil production from current and future oil fields. It is displayed as three categories: fields...