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dc.contributor.authorCole, Terrence
dc.date.accessioned2021-07-28T20:49:54Z
dc.date.available2021-07-28T20:49:54Z
dc.date.issued2004
dc.identifier.urihttp://hdl.handle.net/11122/12092
dc.description.abstractAlaska has repeatedly been saved by surprise developments or events. Prudhoe Bay oil was by far the largest such development—worth seven times more than all previous Alaska resource value combined. But the enormous value of Prudhoe Bay oil—the “Prudhoe Bay effect”—has blinded Alaskans to the perennial dilemma created by relying on temporary resource revenues. Now, with oil revenues declining, Alaska once again has a budget crisis. But today there’s a crucial difference that can be summed up in two words: Permanent Fund. Figure 1 shows why Prudhoe Bay oil gave Alaska an opportunity unlike any previous development.en_US
dc.language.isoen_USen_US
dc.publisherInstitute of Social and Economic Research, University of Alaska.en_US
dc.subjectPrudhoe Bayen_US
dc.subjectPermanent Funden_US
dc.subjectresource valueen_US
dc.titleBlinded by Riches: The Prudhoe Bay Effecten_US
dc.title.alternativeFull Report and Executive Summary (Understanding Alaska: Research Summary No. 3)en_US
dc.typeReporten_US
refterms.dateFOA2021-07-28T20:49:55Z


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