February 2011, Vol. 238 No. 2

In The News

ExxonMobil Wants Hike In Rate To Move Alaskan Oil

ExxonMobil has asked Alaskan regulators to increase the rate it charges to ship oil on the trans-Alaska oil pipeline to in-state destinations by about 22%. ExxonMobil is the third of the five owners of the 800-mile pipeline to ask for an increase to intrastate shipping rates. The Regulatory Commission of Alaska approved increases for ConocoPhillips and Koch on a temporary basis. ExxonMobil proposes charging $3.07 to ship a barrel of oil from the North Slope to North Pole and $4.83 to ship to Valdez, depending on the final destination: the PetroStar refinery or the Valdez tanker port. ExxonMobil said the increase is needed because the pipeline’s oil flow is declining while

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