Federal relief funds give Alaska an opportunity if we act wisely Author: Tim Bradner Published 8 hours ago
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Print article Remember those bumper stickers from the 1990s? “Dear God, please give us another oil boom, we promise not to piss it away this time.” At least some of us will remember. They appeared during one of our periodic crashes in oil revenues and implosions of the state’s economy. Prayers were answered when a new gusher in Alaska’s oil income resumed. We repacked budgets and, of course, the cycle repeated. Here we are again. This time the oil implosion started in 2016, but was turbocharged when the pandemic collapsed oil markets last year. We lost our summer visitor season. Thousands of Alaskans were out of work and many still are.
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