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dc.contributor.authorReynolds, Douglas
dc.date.accessioned2020-07-31T20:46:27Z
dc.date.available2020-07-31T20:46:27Z
dc.date.issued2020-07-31
dc.identifier.citationNoneen_US
dc.identifier.urihttp://hdl.handle.net/11122/11197
dc.descriptionGiven the length, depth and breadth of this treatise, some readers may need to pick and choose what they read at any given time, such as the idea of cognitive dissonance when choosing oil tax credits that can inadvertently end up giving corporate subsidies to the oil industry in Section 4b. Another important topic is the summary, in Section 8a, of how to make monopoly electric utilities more efficient by using a CEO bonus mechanism. Also, a parallel history of the U.S. and Alaska will be interesting to many in Section 9. Certainly some will be interested in the idea of a state owned oil company summarized in section 10 with greater detail provided in Sections 6, 6a and 6b, especially since it’s incentivized setup is counterfactual to Socialism. The issue of how the state should deal with the Trans-Alaska Pipeline System (TAPS) is summarized in the Part IV Analysis introduction and explained in more detail in Section 2. While the explanation of tax credits in Section 3, 3a and 3b (the Gross Value Reduction Credits) and Section 4, 4a and 4b (General Tax Credits) are detailed, a quick analysis can be had in Section 1. Indeed, assorted readers will quite like the substitutes versus compliments in production analysis of shale resources explained in Sections 3a and 3b. Anyone interested in Alaska’s public education will want to look at Section 5. Plus, Section 7, 7a and 7b explain important aspects of the state’s economic development.en_US
dc.description.abstractThis paper in the form of a treatise is about how to improve Alaska’s overall socio-economic welfare. It explains economic issues in Alaska starting with the Trans-Alaska (oil) Pipeline System (TAPS) and how TAPS interacts with Alaska’s oil industry and induces risk averse reactions by the state. It also explains how an alternative oil pipeline can replace TAPS in order to reduce Alaska’s expensive oil tax credits. The treatise also explains some of the issues surrounding how the oil tax credits work or don’t work including such interactions as how oil exploration is carried out, why shale-oil will not easily be developed in Alaska and how the credits subsidize Anchorage’s area energy costs to the detriment of the state as a whole. Ideas for economic development of the state are given including building natural gas infrastructure and how to set up electric utilities to maximize their value to the state. An alternative for Anchorage energy needs is a simple natural gas pipeline to Fairbanks with rail connection to Anchorage and eventually the use of TAPS for natural gas. An incentivized management system for monopoly electric power utilities is explained which can provide better cheaper electric power and an incentivized management system for a state owned oil company is explained which can help Alaska negotiate with OPEC to Alaska’s advantage. Aspects of the university and education funding are explained.en_US
dc.description.tableofcontentsI. introduction Abstract, Author Bio, Keywords & Outline 1. Overview II. Analysis 2. The Trans-Alaska Oil Pipeline a. An Alternative to TAPS 3. Gross-Value Reduction (GVR) Tax Credits a. Shale-Resource Supply theory b. Option Value 4. General Tax Credits a. Tax Credits Designed For Exploration b. The Information and Depletion Effects c. Risk Aversion and Petroleum Industry Benefits 5. The Statehood Act and Education III. Alternatives 6. Alaskan Oil Company Business Plan a. An Alaskan Oil LLC b. Santiago Principles 7. Economic Development of the State a. Small-Bore Natural Gas and Propane Pipeline b. Energy Diversification and Energy-Economy Risks 8. Rail-Belt and Other Electric Utilities a. Electric Power Utility History b. The Efficiency Or Inefficiency Of Prosumers c. A New Set Of Utility Compensation Rules d. Electric Utilities and Large Capital Outlays IV Conclusion 9. U.S. Parallel History 10. Final Assessment V. Referencesen_US
dc.language.isoen_USen_US
dc.publisherNoneen_US
dc.sourceNoneen_US
dc.subjectAlaska, Oil Taxes, TAPS, Shale-Oil and Shale-Gas, Covid-19 Demand Destruction, Alaskan Petroleum LLC, OPEC, Economic Development, Energy Risk Mitigation, Power Utility Organizationen_US
dc.titleRestructuring Alaska: An Alaska Oil, Gas and Industry Economic Treatiseen_US
dc.typeArticleen_US
refterms.dateFOA2020-07-31T00:00:00Z
dc.identifier.journalNoneen_US


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