ADN by Casey Grove.  The 800-mile trans-Alaska oil pipeline is shut down due to a leak at Pump Station 1 on the North Slope.

ADN by Rosemary Shinohara.  Anchorage’s cash-strapped local government, the state and a handful of other Alaska communities got multimillion-dollar windfalls in December — additional 2006 property tax payments from owners of the trans-Alaska oil pipeline as the result of a state Superior Court decision upping the assessed value of the pipeline.

ADN Op-Ed by Jeff Pantages.  Before one barrel of oil went down the pipeline, the oil companies had spent $15 billion in this high stakes gamble on Alaskan oil. The after-tax real rate of return that resulted, based on the actual cash flows, was 7 percent. This is less than one-half the hurdle rate (anticipated return) the project required.