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In-brief analysis

November 12, 2026

After decades of decline, crude oil production in Alaska is growing, driven by two projects on Alaska’s North Slope. In our latest Short-Term Energy Outlook, we expect a 23,000 barrels per day (b/d) (6%) increase in 2026, followed by a 60,000 b/d (13%) rise in 2027. At a forecast 505,000 b/d in 2027, output would be the most since 2014.

If realized, these annual production increases will be the largest since the 1980s, when Alaskan crude production peaked at 2.0 million b/d.

The recent growth is attributable to two projects on Alaska’s North Slope:

The Nuna project, owned by ConocoPhillips, started production in December 2024 and is expected to produce 20,000 b/d at its peak. So far this year, it has produced an average of 10,000 b/d,

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A groundbreaking new supercomputer simulation is revealing how the universe escaped its cosmic dark age and transformed into a cosmos filled with stars and galaxies. Called Lumina, it recreates 2 billion years of early cosmic history across a region 1.6 billion light-years wide, capturing extraordinary details that previous simulations could not.

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For more than 75 years, NSF’s directorates have sustained the depth of expertise on which American scientific leadership depends. In the intervening period, the organization of scientific practice has changed. Many of the most consequential questions before researchers today do not belong to a single established discipline, and many of the capabilities required to answer those questions are distributed across fields, institutions, sectors, and levels of technological readiness.

The study of intelligence and cognition increasingly draws together computer and information science, mathematics, neuroscience, engineering, biology, and the behavioral sciences. Developing a greater understanding of quantum phenomena depends on advances in fundamental physics, materials, devices, computation, engineering, and advanced manufacturing. The ability to discover, control, replicate, and produce advanced forms of materials and matter requires deep integration across chemistry, physics, computation, and engineering. The next era of biological design and engineering will require foundational and enabling

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