Republic Oil & Gas Co-op
Formation of Alaska Republic Oil and Gas
- Two pipelines are to be built;
One for oil, and one for Natural Gas
- The pipelines are to be built and
run along the corridor from Prudhoe Bay to Valdez with a spur gas and oil line
going to the Kenai terminals.
- Two new state of the art refineries will
be built in or near Fairbanks, one for oil, and one for gas
- This project
will be financed by the Permanent Fund and will be completely owned by Alaskans
new refineries, pump stations, and supportive maintenance will be let out to private
companies at cost plus 10%
- Alaska Republic Oil and Gas will retain 15%
of all oil and gas passed through the lines. All excess not used by Alaska's needs
will be sold at market value. These funds will be used to support the maintenance
of the lines. Any extra money will go into an interest bearing account to handle
unforeseen maintenance or repair, or future lines.
- All royalties, taxes,
etc. paid by the oil producing companies using the new line will be based on the
original agreements from the first line.
- Royalties, taxes, etc. from the
new oil and gas lines will create a new and separate permanent fund called "The
Alaska Republic Royalty Fund".
- "The Alaska Republic Royalty Fund" will
be operated on the same basis as the original Permanent Fund with the following
- Only US Citizens who are Alaskan residents on or by
June 30, 2006 will be eligible.
- Any woman, who is pregnant, a US citizen
naturalized or by birth that is residing in Alaska June 30, 2006, and is not a
resident, the child will be eligible.
- There will be no new members added
to this account.
- All members will receive their dividends for life no
matter where they reside.
- 25% of all earnings in a one-year time frame
will be divested to shareholders. The rest is kept for growth and investment.
the death of a member, through a "Will", will dedicate his or her dividend to
a charity or an Alaskan college.
initiative is to create a free and independent state from market forces in oil
Set up a structure with guidelines
where our generation and future generations will have lifetimes of benefits.
Electric, and Gasoline costs would never fluctuate after the first two years of
- A 2,500 sq. ft. home in Fairbanks
would cost approx. $300.00 a year for gas heating.
and diesel prices between $.75 and$1.00 per gallon.
prices would never vary.
- The cost of goods
would come down because transportation costs would be less
Estimated cost - between 17-20
Estimated construction time
- 3 1/2 years.
Source of funds - Permanent
Fund Dividend, not to be taken out all at once, but to be drawn on as project
proceeds; approximately 6.5 billion dollars a year.
qualified Alaskans will still receive their yearly Permanent Fund Dividends during
the construction of the pipeline.
have an Alaska where all of its people have a chance to prosper.
no mistakes, there will be a fight. You have to be willing to sacrifice the present
for your future, as any parent knows.
will be those that oppose this, especially oil companies and the Federal Government.
truly free and independent state where its people and generations following will
benefit and prosper.
There was an idea
once that became a rough draft, which became a vision. After a fight,
and a lot of sacrifice, it became a reality. It was called "The Declaration