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Alaska Governor Sean Parnell Sets Million Barrel Daily Goal for TAPS within Ten Years

Leads Rally for HB 110, SB 49, Calls on Alaskans to Demand Passage this Session

March 30, 2011, Anchorage, Alaska - Governor Sean Parnell today announced a new goal for Alaska of one million barrels of oil production per day through the Trans Alaska Pipeline System (TAPS) within ten years.  Current production is about 600,000 barrels per day, down from two million barrels 20 years ago.

"By reaching this goal we will have sparked tens of thousands of new jobs and billions of dollars in payroll," Governor Parnell said.  "By taking action, we will experience longer term state savings and sustainable budgets and contribute more to our nation's energy security and domestic stability."

In a call to action at a rally today attended by nearly 1,000 Alaskans and hosted by the Alaska Chamber of Commerce, Governor Parnell said that his administration's proposal to reduce oil taxes to spur investment and create jobs was vital to arresting the oil production decline and achieving the new throughput goal.

With 18 days left in the legislative session, House Bill 110 is moving to the House floor for a vote as the Senate Resources Committee takes public testimony on Senate Bill 49.

"The time to reduce oil taxes is now and I am asking all Alaskans to send a clear message to legislators in Juneau that a 'do-nothing' strategy is unacceptable because Alaska's future is at stake."

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