Positive signs for oil, tourism, but rebound will take time Published December 24, 2020
Share on Facebook
Print article Alaska is positioned to possibly become an even more popular destination when travel eventually resumes en masse but oil markets aren’t likely to rebound nearly as well despite relative recent strength, according to the leaders of some of the Alaska Permanent Fund Corp.’s large investment partners. Recent gains in oil markets have surpassed the expectations of most investors but are also tentative, given the dominant presence COVID-19 continues to have over much of the world, according to the leaders of Riverstone Holdings LLC.
Wed, 12/23/2020 - 9:08am
The Star Princess is seen in Whittier in this Journal file photo. Vaccines have given some in Alaska’s tourism-dependent economy hope for recovery after virtually the entire season was canceled in 2020, but a full rebound isn’t likely until 2022. (Photo/Andrew Jensen/AJOC)
Alaska is positioned to possibly become an even more popular destination when travel eventually resumes en masse but oil markets aren’t likely to rebound nearly as well despite relative recent strength, according to the leaders of some of the Alaska Permanent Fund Corp.’s large investment partners.
Recent gains in oil markets have surpassed the expectations of most investors but are also tentative, given the dominant presence COVID-19 continues to have over much of the world, according to the leaders of Riverstone Holdings LLC.