Alaska Business Insider

Alaska’s economy never stands still. One minute the oil industry is booming while tourism companies are tottering, and the next the construction industry is laying down its hammers while fishermen are enjoying strong catches.

In this blog we’ll track those highs and lows, resource development disputes, new ventures and many other topics. We’ll rely on our own reporting as well as bring you relevant news from other media or any other source that has information of interest to people following Alaska industries, from mining to retail to real estate.

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Pat Galvin's new job - 2/24/2011 4:24 pm

Sport groups pressure EPA on Pebble - 2/24/2011 3:27 pm

Study highlights Arctic drilling's economic impact - 2/24/2011 1:46 pm

Muni changing wireless, Internet providers - 2/23/2011 9:06 pm

Russia oil to replace Alaska crude at W. Coast refineries

From Bill White --

The Houston Business Journal is reporting that West Coast refineries will be getting special shipments of oil from Russia to replace the Alaska oil that hasn't been flowing because of a leak at the trans-Alaska pipeline's Pump Station 1.

The Journal says:

BP Plc is sending 100,000 metric tons of Russian oil to the U.S. West Coast to alleviate some of the capacity gap from the Trans Alaska Pipeline that had to be shut down last week.

That's roughly 700,000 barrels of oil, a bit more than a day's production from the North Slope.

The Alaska pipeline was shut down from about 9 a.m. Saturday to about 9 p.m. Tuesday after the leak was discovered. Oil production has been curtailed since Saturday. Plans are to shut the pipeline down again for about 36 hours starting at 6 p.m. today so that a pipe can be installed that will divert oil flow around the leak.

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