Forecast: $80 oil at decade’s end

The International Energy Agency is predicting the return of higher oil prices, but not soon enough to end the gut punch to Alaska’s budget.
Download Audio
“We think that the market will gradually recover and we see about $80 oil price around 2020 to balance the markets,” said Fatih Birol, executive director of the Paris-based organization, explaining one of the key findings in this year’s World Energy Outlook.
Alaska North Slope crude has been selling for about $48 a