TheStreet.com | The Next Oil Boom: Excitement About Alaskan Crude Builds TheStreet.com Once a major producer and cog of economic growth, Alaska now accounts for only a small fraction of total U.S. crude oil output. Alaskan oil production has been in a downfall. Since peaking in 1988 when Alaska accounted for 25 percent of U.S. domestic ... BLM approves oil field in National Petroleum Reserve-Alaska. |