Integrity Excellence Respect Get Alaska Moving through service and infrastructure Provide for the safe and efficient movement of goods and people Provide.

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Presentation transcript:

Integrity Excellence Respect 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 DOT&PF Mission

Integrity Excellence Respect Port of Anchorage Alaska International Airport System Dalton Highway Trade is Transportation

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 Alaskas Air Carriers Port of Anchorage Integrity Excellence Respect

Alaska International Airport System Integrity Excellence Respect 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

Strategic road to Alaskas 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 Alaskas first major road to resources Dalton Highway Integrity Excellence Respect

HB 110 Integrity Excellence Respect 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 Wyomings 19,000

North Slope Production Integrity Excellence Respect

Problem Production is declining while high prices are causing a boom around the world Higher taxes have chilled investment Alaskas 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

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

Umiat Ambler Klondike Highway Strategic Minerals Roads to Resources Integrity Excellence Respect

Questions ?