HomeMy WebLinkAboutRes1981-008
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CITY OF SEWARD, ALASKA
RESOLUTION NO, 81- 8
A RESOLUTION URGING THE STATE OF ALASKA TO ANALYZE AND INVESTIGATE
THE FEASIBILITY OF THE BULK SALE OF STATE ROYALTY OIL
TO INTRASTATE OIL REFINERIES AT PRE-OPEC PRICE LEVELS
IVHEREAS, the State of Alaska receives a considerable royalty
entitlement from the extraction of crude oil from the vast proven Prudhoe
reserves, and
WHEREAS, a high market spot demand for this royalty oil, free
of regulatory price ceilings previously imposed upon domestic crude oil,
has prompted sales at premium values with resulting expansive revenues, and
WHEREAS, the people of this state are entitled to share
collectively and expediently in the revenues which their natural resources
bring at a time when the price level of crude oil products continues at
record levels, and
WHEREAS, an immediate and reasonable resolution aimed at reducing
the cost of heating oil and gasoline provides for the sale of a share of the
state's royalty oil to refineries in the state at substantially reduced costs
pegged to pre-OPEC price levels so that consumers in the state may realize
the immediate benefits of lower retail heating and gasoline prices;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF SEWARD, ALASKA, as follows:
Section 1, That the state legislature and appropriate executive
agencies investigate and analyze, with due and timely deliberation, the
feasibility of the sale in bulk of a portion, or all, of the state's royalty
oil to oil refineries in the state, and the available pass-through mechanisms
whereby product consumers may at the earliest opportunity realize reduced
costs in heating oil and gasoline,
Section 2, That programs, if any, adopted to implement energy
cost reductions and pass-through mechanisms be deemed temporary in nature
until such time as this state is able to take advantage of less costly and
alternative forms of energy,
Section 3,
members of the state
PASSED AND
That copies of this resolution be distributed to
legislature and the governor of the state,
APPROVED BY THE SEVJARD CITY COUNCIL ON APRIL 27, 1981.
CITY OF SEWARD,
Raym nd L.
Mayor
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Hugli
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City of Seward, Alaska
Resolution No. 81-8
Page Two
A Resolution Urging the State of Alaska
to Analyze and Investigate the Feasibility
of the Bulk Sale of State Royalty Oil to
Intrastate Oil Refineries at Pre-OPEC
Price Levels
AYES:
NOES:
ABSENT:
CAMPBELL, GILLESPIE, HUGLI, O'BRIEN, SORIANO AND SWARTZ
NONE
CRIPPS
ATTEST:
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J Anne E. Shanley, CMC
City Clerk
APPROVED AS TO FORM:
Hughes, Thorsness, Gantz, Powell & Brundin
Attorneys for the City of Seward, Alaska
(City Seal)
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Fred Arvidson