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1/14/15 - U.S. Energy Department predicts oil price of $58 per barrel for 2015

That would be up from $45 Tuesday

As the price of oil continues its downward slide, the Energy Department is predicting oil prices of $58 per barrel in 2015, and $75 per barrel in 2016. It’s also predicting U.S. shale production will begin to tail off in the second half of 2015. The forecast was part of a monthly outlook released by the U.S. Energy Information Administration.

Oil production in North Dakota, Texas, Iraq, Canada, and elsewhere is contributing to a global oversupply that’s driving down oil prices. The price of oil Tuesday [Jan. 13] was $45 dollars a barrel – down 58% from six months ago and the lowest price in five years.

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Final Chinook salmon fishery failure aid approved

A federal agency has approved distribution of the final $13 million of aid allocated to Alaska for the 2012 Chinook salmon fishery failure, bringing the total to $20.8 million. An initial round included direct payments to commercial fishermen in the Yukon-Kuskokwim and Cook Inlet regions.

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Lack of snow puts Kusko 300 Sled Dog Race onto frozen river

By Charles Enoch, KYUK

This year's Kuskokwim 300 Sled Dog Race is going to be run entirely on the frozen Kuskokwim River. Race manager Zach Fansler tells KYUK that a lack of snow is preventing the race from using any trails off the river this year. Click here for full story.

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Elim elder celebrates 100th birthday

By Kristin Leffler

Last week more than 100 people gathered in Elim--a small community of about 330 people on the Seward Peninsula--to be a part of a milestone for elder Eliza Katongan: a celebration of a century of life. Click here for text and photos.