Browsing University of Alaska Anchorage by Subject "Prudhoe Bay"
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The Alaska North Slope Inupiat and Resource Development: Why The Apparent Success?The apparently positive experience of the Alaska's North Slope Inupiat Eskimo with the massive Prudhoe Bay and Kuparuk oil field developments stands out among the generally grim experiences of indigenous peoples. The North Slope experience would thus seem to offer an excellent comparative case. To the extent that the positive image of the North Slope experience holds up, we can turn to the factors which appear to shape the relationship between resource development and indigenous people. The primary objective of the comparison is to take a small step towards the construction of a general conceptual framework.
Blinded by Riches: The Prudhoe Bay EffectAlaska has repeatedly been saved by surprise developments or events. Prudhoe Bay oil was by far the largest such development—worth seven times more than all previous Alaska resource value combined. But the enormous value of Prudhoe Bay oil—the “Prudhoe Bay effect”—has blinded Alaskans to the perennial dilemma created by relying on temporary resource revenues. Now, with oil revenues declining, Alaska once again has a budget crisis. But today there’s a crucial difference that can be summed up in two words: Permanent Fund. Figure 1 shows why Prudhoe Bay oil gave Alaska an opportunity unlike any previous development.
North Star Project: Economic ImpactsThis analysis explores the economic impact of developing the Northstar field. The analysis is based on certain assumptions related to total capital development and production spending, recoverable oil, and other parameters, etc. Since the project is undergoing constant planning activity and review, these numbers may differ from others that have been reported. The Northstar field is located in the Alaskan Beaufort Sea, approximately six miles from Prudhoe Bay. It is projected that about 130 million barrels of oil can be recovered, over a fourteen year production period beginning in 1998. Total capital expenditures are estimated at about 379 million dollars, with an additional production related expenditure of about 197 million dollars. All dollar figures are in 1996 dollars.
Safe Landing: A Fiscal Strategy for the 1990sAlaska is poised for either a safe landing or a nose dive. Whether we land safely or crash depends on how Alaskans deal with declining oil revenue. Since oil began flowing from the Prudhoe Bay field 15 years ago, Alaska’s government and economy have come to depend on state taxes and royalties from oil production. Oil revenue makes up 85 percent of the state’s general revenue, and it creates 30 percent of Alaskans’ personal income. But North Slope production is now declining as the giant Prudhoe Bay field ages. Luckily, Alaska has the resources it needs to make the difficult transition. This paper outlines a comprehensive but flexible strategy for moving Alaska through the 1990s with a minimum of economic damage and into the next century with a government that is smaller but still able to provide essential services and support a healthy economy.