00 Enrolled SR 2                                                                                                           
01 Establishing a Senate Special Committee on Trans Alaska Pipeline System Throughput.                                     
02                                        _______________                                                                  
03 BE IT RESOLVED BY THE SENATE:                                                                                         
04      WHEREAS oil revenue is extremely important to the State of Alaska, providing over                              
05 90 percent of the state's unrestricted general fund revenue; and                                                      
06      WHEREAS ninety-eight percent of Alaska's current oil production is produced on the                             
07 Alaska North Slope and transported to market through the Trans Alaska Pipeline System; and                            
08      WHEREAS the volume of oil being transported through the Trans Alaska Pipeline                                  
09 System has steadily declined from the 1988 peak of 2,100,000 barrels a day to 579,100 barrels                         
10 a day in fiscal year 2012, which represents a 71 percent decrease; and                                                
11      WHEREAS the Department of Revenue predicts the decline will continue at a rate of                            
12 5.5 percent over the next 10 years, resulting in an estimate of Trans Alaska Pipeline System                          
13 throughput of 338,500 barrels a day in fiscal year 2022; and                                                          
14      WHEREAS reduced Trans Alaska Pipeline System throughput has created substantial                                
15 operational hurdles and cost increases associated with running the system so far below design                         
16 capacity; and                                                                                                         
17      WHEREAS projected declines in Trans Alaska Pipeline System throughput will                                       
01 compound those operational and cost issues and could jeopardize the viability and safe                                
02 operation of the Trans Alaska Pipeline System; and                                                                    
03      WHEREAS it is incumbent on the legislature to examine the causes of declining                                  
04 Alaska North Slope oil production and to take an active role in increasing Trans Alaska                               
05 Pipeline System throughput by all reasonable means;                                                                 
06      BE IT RESOLVED by the Senate that the Senate Special Committee on Trans                                        
07 Alaska Pipeline System Throughput is established to examine the decline in and take                                   
08 appropriate action relating to increasing Trans Alaska Pipeline System throughput; and be it                          
09      FURTHER RESOLVED that the President of the Senate shall determine the number                                   
10 of members of the committee and shall appoint the members and designate a member or                                   
11 members to chair the committee; and be it                                                                             
12      FURTHER RESOLVED that the Senate Special Committee on Trans Alaska                                             
13 Pipeline System Throughput may meet during and between sessions of the Twenty-Eighth                                  
14 Alaska State Legislature and is terminated on the convening of the First Regular Session of                           
15 the Twenty-Ninth Alaska State Legislature.