My Latest in Popular Mechanics: How Much Time Does the Trans-Alaska Pipeline Have Left?
In an election year when access to domestic oil supplies will figure prominently in the presidential campaign, uncertainty is growing over how much life the critical Trans-Alaska Pipeline has left in it. The pipeline transports roughly 14 percent of U.S. crude oil supplies, yet energy companies are starting to suggest that the lifeline to some of the richest oil fields in the country may not be worth the expense of upkeep. Oil production in Alaska’s North Slope oil fields has declined every year since production peaked in 1988, and the consortium of energy companies that own the line say they are worried: If production slows down too much, the pipeline can become unsafe—or at least uneconomical—to run. But some watchdogs say the industry may be fudging its numbers as part of a ploy to get access to new, potentially rich oil fields. Read more: How Much Life Is Left in the Trans-Alaska Pipeline? - Popular Mechanics