Location
* State in the United States-international boundary with Canada to the east, arctic ocean to the north
* Largest state in United States by area, however least densely populated Economy
* GDP in 2007: $64,333
* Per capita personal income : $40,042, rank :15th in nation
* Oil and gas industry dominates the Alaskan economy
* More than 80% of states revenues derived from petroleum extraction
* Main export : seafood , agriculture represent only fraction of economy
* Largest employers:
* Providence health and services : 4000+ av. Monthly employment in 2010
* Walmart: 3000-3259 av .monthly employment 2010
History
* First oil claims in Alaska made in the 1890, noted oil sea pages on iniskin bay and cold bay- not pursued by Russians * 1898- first Alaskan wells drilled in Iniskin Peninsula * Alaska’s first productive oil drilling operation was at Katalla, on the Gulf of Alaska, south of the Copper River delta * In 1911 several new wells in the district began to produce significant oil, costs not big enough to justify extraction * In 1960, following the statehood of Alaska and the creation of the state natural resources agencies, oil companies bought exploration leases for work in Cook Inlet * The boom in economic development and population growth after the discovery of oil was immediate and still continues Types of Development in Alaska
The Term Paper on United State Alaska First Yukon
... that's why Alaska is one of the most perspective states of USA by way of development of economy and ... Council, takes her seat. - In 1968, the oil riches of Alaska's North Slope, first reported almost 100 years ... Settlement lands. March 24 - In 1989, the oil tanker Exxon Valdez went aground on Bligh Reef, ... pouring almost 11 million gallons of oil int Prince William Sound. May 29 - In ...
* Oil and Gas industry- major oil fields developed along central north slope * Oil production accounts for 93% of Alaska’s unrestricted general fund revenues. * Since statehood, Alaska has received $164 billion in revenues from oil * Development in the fishing industry- sea provides endless harvest worth billions of pounds. Over 3 million lakes, 3000 rivers and 34 000 miles coastline- bountiful fishing regions in the world * Salmon fishing industry- worth $11 billion a year
* Provide thousands of jobs, long term economic engine * Pollock fishery- 1,252,000 million metric tons- 2.7 billion ponds annum * Seafood- top export commodity. 2009- 1.6 b dollars. Accounted for 50% states total exports. * Seafood processing accounts 71% of manufacturing jobs in ALK. * Fishing industry- generated 54 000 jobs- short seasonal * Mining- historically a cornerstone of alaska’s economy. Today, mining industry brings broad range of benefits- offering highest paid jobs in the state. * Produces zinc, lead, copper , gold, silver, coal
* Alaska’s 7 largest mines Provided more than 2,250 full time jobs of 9500 total mining ind jobs in state * Mining creates public revenue by paying state and local taxes * Help support local economies in both urban and rural Alaska. * Issues: spent $300 million on exploration last year * drilling costs and fuel expenses have risen sharply * Facts and economic impact-cumulative value of mining industry: $4.4 bil. 2011 * Minerals are the states second largest export commodity. Accounted for 31% of states export total- zinc and lead from Red Dog mine * Approximately 200 placer mines produced 70,000 ounces of gold, as well as platinum, in Alaska in 2011. In addition to Alaska’s active precious-metals mining industry, there were more than 120 active rock quarries, and sand and gravel operations throughout the state.
Pressures on Cold Environment
* Alaska is unique state- economic development in it’s remote, petroleum based economy- resembles oil rich developing nations than other US states * Realtively small size of the Alaskan economy can discourage production for local use. * Geography wise- their location is at a disadvantage. Difficult to transport oil to other countries * Trans Alaska pipeline
The Essay on Alaska Wildlife Drill Oil
Dear President Bush, I am a student attending the Ephraim Curtis Middle School in Sudbury, Massachusetts. I am writing to you concerning your views on certain subjects. I followed most of the debates between yourself and Mr. Gore, and I was very surprised with where you stand on drilling in wildlife reserves in Alaska. I agree that there has been a shortage of oil lately, but there is an even ...
* Pipeline flows through natural biomes, upsets animal trails, carries potential of a devastating leak * Woodland destroyed- also people’s homes affected
