02/07/1994 05:00 PM House O&G

  Number 062                                                                   
                                                                               
  SJR 13 - EXPORT OF ALASKAN OIL                                               
                                                                               
  SENATOR JOHNNY ELLIS supported the resolution.  He mentioned                 
  that Alaska has lost about $2.5 billion since the early                      
  1970s, when the two federal acts were imposed on the state.                  
  He further stated the Department of Energy is reviewing the                  
  national pros and cons of lifting the bans and although an                   
  extension is expected regarding re-authorization of the                      
  Export Act, Congressional hearings will soon be reviewing                    
  the terms and details, which include Alaska's situation.                     
  Therefore any expeditious assistance provided to Senator                     
  Pearce in attending the Energy Council meeting next month                    
  will assist our Congressional Delegation in making Alaska's                  
  case in Congress.                                                            
                                                                               
  Number 083                                                                   
                                                                               
  REPRESENTATIVE JOE SITTON stated that he supports the                        
  resolution, but questioned TAPS's historical position on the                 
  export ban.                                                                  
                                                                               
  SENATOR ELLIS responded to the question with some historical                 
  information and indicated there probably was a deal made                     
  between the Trans Atlantic Pipeline Service and the                          
  legislation of the 1970s.  Energy Department projections                     
  have claimed that imported oil will be up to 60 percent in                   
  the relatively near future, which is why the California                      
  independent oil producers are our biggest allies in this                     
  fight; domestic oil production is at the bottom of the                       
  barrel. Although the timing seems to be right, this will be                  
  an uphill battle.  Members of Congress will be debating this                 
  issue in the spring.                                                         
                                                                               
  SENATOR JALMAR KERTTULA indicated Alaska's need for                          
  inclusion and fair treatment in the nation's equity                          
  policies.                                                                    
                                                                               
  Number 141                                                                   
                                                                               
  SENATOR ELLIS emphasized the importance of providing                         
  Congress with current information such as the Prudhoe Bay                    
  production curve.  In order to make an informed decision,                    
  Congress needs to know of brand new discoveries in the oil                   
  field.  Economists previously projected a two to seven year                  
  glut of crude remaining on the West Coast; additional                        
  information might indicate a greater benefit than is                         
  currently being recognized.                                                  
                                                                               
  REPRESENTATIVE PETE KOTT moved and asked unanimous consent                   
  to adopt SJR 13.  Hearing no objection, the motion carried.