Crudely differing views (Oil Industry Alaska Overview)

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Today along the southern edge of the North American continent, where business has been booming, there are growing concerns that a slowing global economy already dragging down oil prices could do the same to oil production and throttle the boom.

Meanwhile, on the northern edge of the continent, where the economy has been struggling for years, there is a push to increase taxes on oil producers in the belief this could raise the funds needed to prop up state government spending.

Clearly, the nation’s two biggest states – Texas and Alaska – couldn’t be farther apart on their views of oil prices, taxes and the intersection of the two.

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