AKs 4 Sustainable Budgets

The 8:35a Chart| Given the importance of Permanent Fund returns to #AKrev levels, we have developed a second morning chart comparing the S&P 500 5-, 3- & 1-yr returns to the PFC's. #akleg

* 5-yr: S&P 13.95% v PFC 6.11%
* 3-yr: S&P 23.82% v PFC 9.89%
* 1-yr: S&P 17.11% v PFC 10.37%

The 8:30a Chart| For reference, we publish daily (ex-Su) running avgs of FY27-36 $$ANS, Brent & WTI actuals + futures. Projected revs are +Futures v. SPRING26 Rev F'cast. #akleg

FY27:
> Spring RF: $75
> Avg FYTD: $90
> +Futures: $97 (+$1.06bn)

FY28-36:
> Spring RF: $71
> Futures: $73 (+$66mil)

The Tuesday Chart| #akleg Given Southcentral winter service concerns, we have started a new weekly chart tracking the current status of the two commercial Cook Inlet gas storage fields, based on the public dashboards each maintains, as well as the most recent aggregate (all fields) DNR Dashboard.

This Wk's Top 3| Was there any real progress last week on #AKLNG, some repeat #APFC press releases but we look at the numbers & #akleg D/I's want "investment" in K-12 paid for mostly on middle-income #AKfams. T'row, 6:05a on the Michael Dukes Show at https://www.facebook.com/share/1Eokzn8ieA/

This Week's Column| Some cite Medicaid and a couple of other cherry-picked programs to rationalize using only PFD cuts to close the state’s ongoing deficits. We explain why the argument is deeply flawed. #akleg https://bgkeithley.substack.com/p/the-friday-column-a-few-cherry-picked

The #LNG price risk is huge. #akleg

The Economist: The world is facing an almighty LNG crunch - In time it could bring about an equally disruptive glut

https://www.economist.com/finance-and-economics/2026/10/04/the-world-is-facing-an-almighty-lng-crunch

The 8:35a Chart| Given the importance of Permanent Fund returns to #AKrev levels, we have developed a second morning chart comparing the S&P 500 5-, 3- & 1-yr returns to the PFC's. #akleg

* 5-yr: S&P 13.74% v PFC 6.11%
* 3-yr: S&P 23.27% v PFC 9.89%
* 1-yr: S&P 16.35% v PFC 10.37%

The 8:30a Chart| For reference, we publish daily (ex-Su) running avgs of FY27-36 $$ANS, Brent & WTI actuals + futures. Projected revs are +Futures v. SPRING26 Rev F'cast. #akleg

FY27:
> Spring RF: $75
> Avg FYTD: $90
> +Futures: $98 (+$1.11bn)

FY28-36:
> Spring RF: $71
> Futures: $72 (+$57mil)

The Monday Charts | Consistent with the approach explained at https://bit.ly/3QhAUju, each Monday we compare current futures market prices for projected #AKLNG in-state-only (Phase 1) and #AKLNG export (Phase 2) prices against market alternatives. #akleg