A newswire story overlooked by most, but it is one of my contenders for important-story-of-the-week-everyone-ignores award:

Alaska trims expectations for North Slope oil output

Oil production from Alaska’s North Slope has fallen faster than expected, even though the fiscal impact was offset by higher prices, according to a semiannual forecast released on Friday by the Alaska Department of Revenue.

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North Slope production will continue its steady decline through the foreseeable future, dropping to 526,600 bpd in fiscal 2014, before sliding to 344,500 by fiscal 2022, according to the forecast. North Slope oil output is far below peak production of about 2.1 million bpd reached in 1988.

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