Alaska governor seeks to assert calm over virus concerns
March 12, 2020
JUNEAU, Alaska (AP) – Alaska Gov. Mike Dunleavy, seeking to assert calm concerning the new coronavirus threat, said Monday he sees the fall in oil prices as a ``momentary issue’’ that with the stock market will work itself out.
The virus has affected global energy prices, with North Slope oil prices around $45 a barrel at the end of last week. The state, which has struggled with a long-running deficit, relies on oil revenue and earnings from its oil-wealth fund, the Alaska Permanent Fund, to help pay for government. Alaska Permanent Fund Corp. officials have said the fund has a diver...