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Northrim Bank launched the Alaskanomics blog to provide news, analysis and commentary on Alaska’s economy. With contributions from economists, business leaders, policy makers and everyday Alaskans, Alaskanomics aims to engage readers in an ongoing conversation about our economy, now and in the future.

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Thursday, February 16, 2012


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I'm sure they will be monitored clseoly, but I think we are misunderstanding each other. The environmental impact of drilling will endure for centuries while the economic benefit will be short term. Aside from ecological concerns, there is another matter that should concern us, politics aside. This has for all practical history been called an oil reserve. I'm in the camp that believes we have eclipsed the , but that prediction has been wrong many times before. At any rate, I can't see it being practical to dip into the reserves if we haven't made a good faith effort toward reducing consumption and alternative sources of energy first.

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