Agreed. But Alaska delivers to the West Coast. Very little of the new shale production goes that way. It is the reason a place like Midland Texas has a much lower price for oil.
Texas price gap widens as oil production rises
http://www.freerepublic.com/focus/f-news/3194662/posts
Alaska Crude currently sells for $3 more per barrel than West Texas Intermediate. Back in 2008, the peak of the US oil pricing, it averaged $7 less. Relative to the shale peak production coming mostly from Texas, Alaskan oil has become more, not less valuable.
I understand the issue more clearly now.
However, in Seattle, I believe we have a refinery near us that is totally supplied by rail car - but, I will re-check that.
New topic...
Help me understand Prop 1.
Very confusing.
It appears to me that Alaska voters have left in place a new tax on oil companies.
Is that correct?