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    The Alaska Natural Gas Pipeline: What's It All About?

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    Author
    Gorsuch, Lee
    Tussing, Arlon R.
    Persily, Larry
    Larsen, Peter
    Goldsmith, Scott
    Foster, Mark
    Fischer, Victor
    Colt, Steve
    Bradner, Tim
    Berman, Matthew
    Keyword
    oil revenues
    North Slope
    trans-Alaska oil pipeline
    natural gas
    arctic communities
    Metadata
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    URI
    http://hdl.handle.net/11122/12214
    Abstract
    Alaska has collected nearly $100 billion in oil revenues (adjusted to today’s dollars) since it became a state. Almost all those revenues have been from oil produced on the North Slope, where the largest known oil field in the U.S. was discovered in 1968. Construction of the trans-Alaska oil pipeline in the 1970s made development of that oil possible. The North Slope also has one of the largest accumulations of natural gas in the country—and for 30 years Alaskans have been hoping for construction of a second pipeline, to carry that gas to market. Gas pipelines have been proposed at times over the years. But none has been built, because investors did not think it was economic. Now, with higher natural gas prices and changes in the North American market, many people think a gas project may be possible. Alaska stands to gain a ot if a gas pipeline is built—a new long-term source of state revenues; more jobs and increased business activity; an increased local property tax base; and a potential new in-state source of natural gas for home heating, electricity, and industrial uses. With future supplies of natural gas from Cook Inlet uncertain, many Alaskans want one or more “spur” pipelines to be built from the main pipeline, to make natural gas available to Alaska communities. But access to the gas will come at a price, and not all Alaskans will benefit equally.
    Date
    2005
    Publisher
    Institute of Social and Economic Research, University of Alaska.
    Type
    Report
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