What about jobs?
The oil and gas industry is responsible for one out of every three jobs in Alaska.
Source: McDowell Economic Impact Report
What’s the deal with gas prices?
51% of the price of a gallon of fuel is directly attributed to the crude oil price.
Who regulates TAPS?
More than 22 different federal, state, and local agencies regulate the Trans-Alaska Pipeline System. That means for each of those agencies or departments, the operators of TAPS have to file permits and meet rigorous safety and environmental standards.
Source: Alyeska TAPS Fact Book
How do tax credits work?
The State of Alaska offers tax credits to the oil industry to incentivize investment and well activity in the Cook Inlet and North Slope legacy fields. Credits are also used to increase investment among new industry players in Alaska. To receive a tax credit in Alaska’s tax system, a company is required to spend significant money on exploration and development work.
Source: Alaska DNR Division of Oil & Gas
What have Alaskans received?
If an Alaska resident has collected a PFD every year since the first check was paid out in 1982, they have received $39,099!
Source: Alaska PFD
Is SB21 effective?
At current prices under SB 21, producers will pay almost $1 billion more in taxes over two years than they would have under the old tax system.
Source: Enalytica presentation to House Finance Committee, 2/17/2015
What’s going on with offshore?
Since the 1970s, 43 wells have been drilled in Alaska’s Arctic Offshore.
Source: BOEM, Alaska historical data
Who hires Alaskans?
The oil & gas industry has 70% Alaska hire – an average that is similar to other industries in the state.
Source: Alaska Department of Labor and Workforce Development; McDowell Report
What increases production?
Since the Cook Inlet Recovery Act passed, Cook Inlet oil production has increased 80%.
Source: Alaska Department of Revenue, Fall 2014 Revenue Sources Book
Who’s dealing with oil and gas issues?
Four bills in Senator Murkowski’s energy package deal directly with Alaska energy issues.
What’s the story with ringed seals?
Despite a large population of 6 million, ringed seals were listed as threatened by the National Marine Fisheries Service. The decision was based on a hypothetical, 100-year climate change model. AOGA’s legal case challenging the listing prevailed in the U.S. District Court and is on appeal in the Ninth Circuit.