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Gulf states are major fertilizer producers, and the war with Iran has triggered a 25% price hike just as struggling U.S. farmers are planting corn.
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The COVID pandemic, when oil prices went negative for a day, is the only time in the index’s nearly 20-year history when prices were more volatile than they are right now.
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Lawmakers in support of a measure to strengthen the state’s corporate income tax on the oil and gas industry said it was essential for boosting state revenues
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The Mat-Su assessment office received 421 formal appeals this year, up from 148 filed last year.
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Permit applications have increased and research and investment is ongoing, with goals of diversifying the industry and benefitting coastal communities.
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The state of Alaska is looking for someone to take the Matanuska, one of the first three ships built as part of the Alaska Marine Highway System after statehood.
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The bill would replace most local property and sales taxes with a tax on the volume of gas flowing through the pipeline. It would likely amount to a significant tax cut for the project.
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The federal government halted boat polar bear viewing in Kaktovik over five years ago, following criticism from the community.
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The first lease sale in the National Petroleum Reserve in Alaska since 2019 generated $163 million in high bids, but some bids were for protected land.
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Globally, jet fuel prices have surged following the U.S. and Israel's attack on Iran, with increases exceeding 50% in many cases.
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Eleven companies bought oil and gas leases on 1.3 million acres of the NPR-A, including tracts around Teshekpuk Lake, a previously protected area.
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The Jones Act restricts which ships can carry goods between U.S. ports. Experts say temporarily lifting the act will do little to affect gas prices.