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The Last Alaskan Barrel - An Arctic Oil Bonanza that Never Was (Abridged, Paperback, Abridged edition)
Loot Price: R536
Discovery Miles 5 360
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The Last Alaskan Barrel - An Arctic Oil Bonanza that Never Was (Abridged, Paperback, Abridged edition)
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Loot Price R536
Discovery Miles 5 360
Expected to ship within 10 - 15 working days
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In The Last Alaskan Barrel, the author analyzes whether Arctic
Alaskan North Slope oil was worth the investment risk for the
companies and shareholders that risked billions of dollars to make
it happen. His results challenge universally held beliefs about
exorbitant profits in Alaska. The Last Alaskan Barrel begins with
abridged histories of Alaska and the oil age leading to exploration
of the Arctic. In 1969, a year after the dramatic discovery of
large oil deposits near Prudhoe Bay, a White House Cabinet Task
Force commissioned by President Richard Nixon claims the nation is
swimming in cheap Alaskan crude. An updated federal study just two
months before the start of production in summer 1977 contradicts
the earlier White House Cabinet Task Force. Over the next decades,
oil prices, development costs, and a variety of taxes shrink the
size of the prize. The book concludes with a glimpse at future oil
and natural gas potential in Arctic Alaska. Through a combination
of extensive research and personal experience, John M. Miller
provides facts to challenge opinion. This book is a
first-of-its-kind case study that calculates the profit from the
largest petroleum development in North American history and how it
was shared among the state of Alaska, the federal government, and
oil companies. Today, petroleum is coming from more remote, costly,
challenging, and government-controlled sources worldwide.
Understanding the fifty-year investment life of Alaska North Slope
oil finally brings unemotional clarity to the complex world of
petroleum economics.
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