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Alaska, rich in petroleum, faces an energy shortage

  • Written by Brett Watson, Assistant Professor of Applied and Natural Resource Economics, University of Alaska Anchorage
Alaska, rich in petroleum, faces an energy shortageThe Trans-Alaska Pipeline crosses underneath the Dalton Highway, carrying crude oil from the North Slope to a port in Valdez.Lance King/Getty Images

In the state with the fourth-largest proven reserves of oil and gas in the U.S., there is a looming energy shortage.

Above the Arctic Circle, oil producers on Alaska’s North Slope send an average...

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