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Alaska Department of Transportation & Public Facilities

Alaska Department of Transportation & Public Facilities. Trade is Transportation Commissioner Marc Luiken October 6, 2011. DOT&PF Mission. Get Alaska Moving through service and infrastructure Provide for the safe and efficient movement of goods and people

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Alaska Department of Transportation & Public Facilities

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  1. Alaska Department of Transportation & Public Facilities Trade is Transportation Commissioner Marc Luiken October 6, 2011

  2. DOT&PF Mission • Get Alaska Moving through service and infrastructure • Provide for the safe and efficient movement of goods and people • Provide access to state services • Provide access for the development of state resources Integrity ∙ Excellence ∙ Respect

  3. Trade is Transportation • Port of Anchorage • Alaska International Airport System • Dalton Highway Integrity ∙ Excellence ∙ Respect

  4. Port of Anchorage • 85% of all goods and services for Alaska enter through POA • Containers shipped via road and ARRC • Other goods broken down and delivered to villages by Alaska’s Air Carriers Integrity ∙ Excellence ∙ Respect

  5. Alaska International Airport System • Gateway for trade and commerce between North America and Asia • ANC – ranked #5 airport in the world for cargo tonnage and #2 in the U.S. for landed cargo weight • Airports are economic engines • 1 in 8 jobs in Anchorage attributable to ANC • Aviation contributes $3.5 billion to State economy Integrity ∙ Excellence ∙ Respect

  6. Dalton Highway • Strategic road to Alaska’s oil fields – the bank • Supports 12,000 jobs on the North Slope; services Alaska and all of US • 980 trucks supplying oil field support, equipment and services each week • Alaska’s first major road to resources Integrity ∙ Excellence ∙ Respect

  7. HB 110 • The North Slope of Alaska remains a world-class energy basin, with more oil than any other Arctic nation • There are 40 billion barrels of oil and 236 trillion cubic feet of natural gas on the North Slope and OCS • There are tens of billions of barrels of heavy oil, shale oil and other unconventional resources Alaska is relatively underexplored: 500 exploration wells on the North Slope compared to Wyoming’s 19,000 Integrity ∙ Excellence ∙ Respect

  8. North Slope Production Integrity ∙ Excellence ∙ Respect

  9. Problem • Production is declining while high prices are causing a boom around the world • Higher taxes have chilled investment • Alaska’s economy is fueled by a robust oil patch, however the pipeline currently runs two-thirds EMPTY • Low through-put increases maintenance costs and threatens a shutdown Integrity ∙ Excellence ∙ Respect

  10. Solution • Reform our oil taxes to be globally competitive • Provide tax credits for drilling in technically challenged fields • Lower the tax rate for drilling new, untapped fields • Cap taxes to encourage more immediate investment at higher oil prices Integrity ∙ Excellence ∙ Respect

  11. Roads to Resources • Umiat • Ambler • Klondike Highway • Strategic Minerals Integrity ∙ Excellence ∙ Respect

  12. Questions ? Integrity ∙ Excellence ∙ Respect

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