Alaska oil price policy. Printed at the request of Henry M. Jackson, Chairman, Committee on Energy and Natural Resources, United States Senate, 95th Congress, 1st Session
The committee print is a compilation of the most important documents pertaining to the Alaskan North Slope oil price policy decision. The first paper by Dr. Richard D. Morgenstern, The Pricing of Alaskan North Slope Oil: A Critique of Some Current Analyses, summarizes the price policy issues facing the Congress. It estimates that allowing foreign entitlement treatment for Alaskan North Slope oil will increase wellhead revenues, and therefore consumer costs, by about $5.5 billion over the next 4 years and possibly by as much as an additional $30 billion over the life of the Prudhoe Bay field. The second paper is a reprint of the President's April 15, 1977, report to Congress on the pricing of Alaskan North Slope crude oil. The President's report was submitted to analyze whether the FEA's crude oil pricing regulations in effect on April 15, 1977: ... will provide positive price incentive for the development of the domestic crude oil production (on the Alaska North Slope) without lessening needed incentives for sustaining or enhancing crude oil production in the remainder of the United States. The President's report does not take a position on what price policy should be adopted for Alaskan North Slope oil. It presents seven scenarios that result in different wellhead prices for the first sale of the crude oil. The President's report is based in part on an analysis of the ''The Determination of Equitable Pricing Levels for North Slope Alaskan Crude Oil,'' by Mortada International. Dr. Mortada's analysis is presented, along with a critique of that analysis by Howard Useem, Congressional Research Service. (MCW)
- OSTI ID:
- 7321557
- Country of Publication:
- United States
- Language:
- English
Similar Records
Executive energy documents. Printed at the request of Henry M. Jackson, Chairman, Committee on Energy and Natural Resources, United States Senate, Ninety-Fifth Congress, Second Session. [57 documents (1971--1977)]
President's April 15, 1977 report to Congress on the pricing of Alaska North Slope (ANS) crude oil
Related Subjects
020700 -- Petroleum-- Economics
Industrial
& Business Aspects
021000 -- Petroleum-- Legislation & Regulations
29 ENERGY PLANNING, POLICY, AND ECONOMY
293000 -- Energy Planning & Policy-- Policy
Legislation
& Regulation
294002* -- Energy Planning & Policy-- Petroleum
ALASKA
ALASKA OIL PIPELINE
CHARGES
DATA
ECONOMICS
ENERGY SOURCES
ENTITLEMENTS PROGRAM
FINANCIAL DATA
FINANCIAL INCENTIVES
FOSSIL FUELS
FUELS
INCOME
INDUSTRY
INFORMATION
NORTH AMERICA
PACIFIC NORTHWEST REGION
PETROLEUM
PETROLEUM INDUSTRY
PIPELINES
PRODUCTION
TAXES
USA