Petersburg Pilot -

Governor seeks to assert calm over virus concerns


March 12, 2020

JUNEAU, Alaska (AP) — Alaska Gov. Mike Dunleavy, seeking to assert calm concerning the new coronavirus threat, said Monday he sees the fall in oil prices as a “momentary issue’’ that with the stock market will work itself out.

The virus has affected global energy prices, with North Slope oil prices around $45 a barrel at the end of last week. The state, which has struggled with a long-running deficit, relies on oil revenue and earnings from its oil-wealth fund, the Alaska Permanent Fund, to help pay for government. Alaska Permanent Fund Corp. officials have said the fund has a diver...

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