Trans-Alaska Pipeline System rate. In the Fairbanks North Star Borough, for example, pipeline owners paid $9.2 million in property taxes—approximately 10 percent of all property taxes paid in the borough. The enormous amount of public revenue created by the pipeline provoked debates about what to do with the windfall. The record $900 million created by the Prudhoe Bay oil lease sale took place at a time when the entire state budget was less than $118 million, yet the entire amount created by the sale was used up by 1975. Taxes on the pipeline and oil carried by it promised to bring even more
Pipeline transport Pipeline transport Pipeline transport is the long-distance transportation of a liquid or gas through a system of pipes—a pipeline—typically to a market area for consumption. The latest data from 2014 gives a total of slightly less than of pipeline in 120 countries of the world. The United States had 65%, Russia had 8%, and Canada had 3%, thus 75% of all pipeline were in these three countries. "Pipeline and Gas Journal"'s worldwide survey figures indicate that of pipelines are planned and under construction. Of these, represent projects in the planning and design phase; reflect pipelines in various stages of construction.