The Anchorage Chamber of Commerce commissioned a study on Cook Inlet Oil and Gas by Northern Economics. The report that resulted from this study was published this spring. For your convenience, we have included a link to the report in the Resources section of Alaskanomics.
It should be no surprise that the Cook Inlet oil and gas industry is extremely important to Southcentral Alaska and the rest of the state. In Anchorage, 82 percent of homes are heated by natural gas. The Anchorage Chamber of Commerce has made energy security a top priority. In a recent survey, over 40 percent of members noted that energy was a concern and the biggest concern in relation to energy was the high price due to deficient supply.
The study finds that the impact of Cook Inlet oil and gas is significant. There is a $2.8 billion economic output from the industry in Cook Inlet. $350 million of this is in payroll with 1,300 direct jobs on the Kenai Peninsula. There is a $423 million benefit from using local, Cook Inlet Gas, rather than using other fuel sources. The total worth of Cook Inlet oil and gas is $4.7 billion. This is over 10 percent of the Alaska economy and with new investment pouring into the State; Cook Inlet appears to be rebounding.
The view the full report, please use this link.
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