Download Opening remarks made by - World Trade Center Alaska

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
Trade is Transportation
• Port of Anchorage
• Alaska International Airport System
• Dalton Highway
Integrity ∙ Excellence ∙ Respect
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
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
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
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
Alaska is relatively underexplored:
500 exploration wells on the North
Slope compared to Wyoming’s 19,000
• There are tens of billions of
barrels of heavy oil, shale oil and
other unconventional resources
Integrity ∙ Excellence ∙ Respect
North Slope Production
Integrity ∙ Excellence ∙ Respect
Problem
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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 twothirds EMPTY
Low through-put increases
maintenance costs and
threatens a shutdown
Integrity ∙ Excellence ∙ Respect
Solution
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Reform our oil taxes to be globally
competitive
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Provide tax credits for drilling in
technically challenged fields
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Lower the tax rate for drilling new,
untapped fields
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Cap taxes to encourage more
immediate investment at higher oil
prices
Integrity ∙ Excellence ∙ Respect
Roads to Resources
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Umiat
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Ambler
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Klondike Highway
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Strategic Minerals
Integrity ∙ Excellence ∙ Respect
Questions ?
Integrity ∙ Excellence ∙ Respect