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Posted September 14, 2012Today in Energy
Projected Alaska North Slope oil production at risk beyond 2025 if oil prices drop sharply ›
Oil production on Alaska's North Slope, which has been declining since 1988, is transported to market through the TransAlaska Pipeline System (TAPS). Because TAPS needs to maintain throughput above a minimum threshold level to remain operational, its projected lifetime depends on continued investment in North Slope oil production that itself depends on future oil prices. In the Annual Energy Outlook 2012 low oil price case, North Slope production would cease and TAPS would be decommissioned, which could occur as early as 2026. More›
Source: U.S. Energy Information Administration, Annual Energy Outlook 2012.
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Data Highlights
Crude oil futures price
9/13/2012: $98.31/bbl
up$2.78 from week earlier
up$9.40 from year earlier
Natural gas futures price
9/13/2012: $3.037/mmBtu
up$0.261 from week earlier
down$1.002 from year earlier
Weekly coal production
9/8/2012: 19.933 million tons
down0.196 million tons from week earlier
down1.191 million tons from year earlier
Natural gas inventories
9/7/2012: 3,429 Bcf
up27 Bcf from week earlier
up342 Bcf from year earlier
Crude oil inventories
9/7/2012: 359.1 mmbbl
up2.0 mmbbl from week earlier
up12.7 mmbbl from year earlier
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