Supply and demand matters greatly to Alaska


August 16, 2023

Oil and water don’t mix. We learned that in high school. And we learned it again when water got into a heating fuel line.

In Alaska, oil and salmon don’t mix either, unless the oil is brushed on the grill before cooking a fillet. However, oil and salmon are in the same boat — economically speaking in Alaska. They both respond to supply and demand.

When global oil supplies can’t keep up with demand, the price of a barrel of crude climbs higher. A shortage — or even a fear, a hint or speculation of shortage — drives up prices for the commodity.

As Saudi Arabia and others have cut oil production,...

For access to this article please sign in or subscribe.


Reader Comments(0)


Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2024

Rendered 04/12/2024 10:30