Petroleum Industry and Fairbanks Economy

• Main Author: Huskey, Lee
• Format: Report
• Language: English
• Published: Institute of Social and Economic Research, University of Alaska. 1995
• Subjects: Fairbanks North Star Borough; local economy; regional economic activity; North Slope oil production; State of Alaska Oil and Gas Policy Council; petroleum sector; Fairbanks; North Star; north slope; Alaska
• Online Access: http://hdl.handle.net/11122/12465

The petroleum industry plays an important role in the economy of the Fairbanks North Star Borough, but that role is largely hidden from view. A major portion of the local economy is linked to petroleum production, and economic activity in the petroleum sector is one of the most important determinants of the size of the overall economy. The primary task of this report was to estimate the size of the Fairbanks petroleum sector. This report defines the petroleum sector to include all economic activity in the region which would not exist without North Slope oil production. The report looks at the role of the petroleum sector in 1994 and was prepared for BP (Alaska) Inc. for presentation to the State of Alaska Oil and Gas Policy Council. BP Exploration (Alaska) Inc.