Is Alaska Is a Failed ‘Petrostate’?

New York Times: “Juneau, Alaska, takes pride in providing services that some larger cities would shy away from…”

“But the system that has made that possible — a steady flow of revenue from oil production — is cracking like Arctic ice in spring, not just in Juneau, Alaska’s capital, but across the state. Even with the war in Iran sending oil prices sky high, the oil-dependent model that has financed generous public services while giving Alaskans annual checks from a Permanent Fund can no longer keep both promises.”

“And a political year that will include a wide-open governor’s race and one of the most watched Senate contests in the country could help decide the future of what has become known in some circles as a ‘petrostate,’ for its public reliance on oil production, on the brink.”