Alaskan Oil has always been a really big deal for both the state and the nation.
The Trans-Alaskan Pipeline System (TAPS) includes the crude oil pipeline is one of the longest pipelines in the world stretching 800 miles from Prudhoe Bay to Valdez, Alaska.
It was a very long process to make this pipeline run cross state. It started to be built in 1969, and the first barrel of oil to travel the pipeline was in 1977. As of 2010, the pipeline has almost 16 million barrels of oil. Thats a lot! On a average day about 600,000 barrels are moved across the pipeline. It peaked in 1988 when 2.1 millions barrels of oil were moved daily. Each year the amount of oil is going down which is showing the extreme use of the state’s resources.
Because of the success of the pipeline, all Alaskan Citizens are giving an annual PFD (Permanent Fund Dividend) which is usually $500-2000 depending on the success of the pipeline that year. It is returning a percentage of the revenue back to the Alaskans.
Have you ever seen the pipeline in your life?