Bloomberg | Oil's Clout Ebbs in Alaska as State Cuts Billions in Tax Credits Bloomberg When oil topped $100 a barrel in 2014, Alaska took in $7.4 billion in petroleum taxes and royalties for the fiscal year that ended that June, covering almost 90 percent of its budget. For fiscal 2017, the take is projected at $1 billion, an 86 percent ... Alaska's 10 Billion Barrel Oil Discovery: What You Need To Know Oil Glut? Here Comes Some More! - The New York Times New Mega Oil Discovery In Alaska Could Reverse 3 Decades Of Decline |