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NORTHRIM NEWS

Understanding the Current Oil Price Environment

It is well known that Alaska’s economy is highly sensitive to the price of oil. Billions of dollars in investment capital flow into the state each year as energy companies both explore for new oil and maintain their existing fields. This activity has an enormous positive multiplier effect on the rest of the economy as major service industries including trucking, construction, finance, legal, engineering, retail and countless others see a direct benefit from the contracts and employment required to support this massive effort.

 

 

Investment and insurance products are:
Not insured by the FDIC or any other federal government agency.
Not a deposit of or guaranteed by Northrim Bank.
May lose value.


Deposit and loan products offered by Northrim Bank, Member FDIC.

Member FDIC Equal Housing Lender

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