Investor Presentaiton

50,000 45,000 40,000 Alaska Employment: Oil Industry & Retail Trade 1 Oil industry Retail trade 35,000 30,000 25,000 20,000 15,000 10,000 5,000 0 2000 2001 2002 2003 2004 2005 2006 2007 Source: BEA employment data millions of current $ 14,000 12,000 10,000 8,000 6,000 4,000 2,000 Alaska Gross State Product: Oil Industry & Retail Trade Oil industry Retail trade The relative importance of different industries to Alaska's economy depends on how you measure it. Different measures give different pictures of the structure of Alaska's economy and the relative importance of different industries. These two graphs show employment and Gross State Product in two important Alaska industries: the oil industry and the retail trade industry (stores). Look at the dramatic difference! The retail trade industry employs far more people than the oil industry. But the oil industry creates much more value! Also, note how the value created by the oil industry increased dramatically from 2001 to 2007. We weren't producing more oil (production was declining!) But oil prices were increasing-so the value of production was increasing. 0 2000 2001 2002 2003 2004 Source: BEA GSP data 2005 2006 2007 12

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