News from the Alaska State Legislature, the Office of Senator Giessel
For Immediate Release: December 10, 2019
Senators Applaud TAPS 18 Billionth Barrel
ANCHORAGE – Alaska Senators congratulated Alyeska Pipeline Service Company today for transporting the eighteen billionth barrel of Alaska North Slope crude oil safely through the Trans Alaska Pipeline System to Valdez.
"Alaska's pipeline legacy is a shining example of smart engineering and environmental stewardship" said Sen. Giessel (R-Anchorage). "Alaska's natural resource pioneers have been proving the naysayers wrong for decades."
"Skeptics said the North Slope was too far from markets and too harsh." continued Senator Click Bishop (R-Fairbanks). "But thanks to a dedicated workforce, smart resource development has built up a $67 billion Alaska Permanent Fund and provided good jobs for tens of thousands of Alaskans. That's a track record worth celebrating!"
The Trans Alaska Pipeline System began operations in June 1977 with a modest flow of 300,000 barrels per day. After peaking at 2 million barrels per day in 1988, volume slowly declined until reaching 508,000 barrels per day in 2015. New investment and better technology have stemmed the decline in subsequent years with recent new discoveries promising to maintain or even increase production after 2022.
"Good jobs, a healthy ecosystem and reliable revenue for roads and schools don't have to be all or nothing." said Senator Giessel. "The pipeline's success reminds me that long-term vision matters – the previous generation of Alaskans rose to a staggering challenge so that we can enjoy such success today."
For more information, contact the Senate Majority Press Office at (907) 269-0147.
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