Energy peaked in 1973 and have declined more than 60% since then. Alaska has vast energy resources. Major oil and gas reserves are found in the Alaska North Slope (ANS) and Cook Inlet basins. According to the
Energy Information Administration, Alaska ranks fourth in the nation in crude oil production. Prudhoe Bay on Alaska's North Slope is the highest yielding oil field in the United States and on North America, typically producing about . The
Trans-Alaska Pipeline can transport up to of crude oil per day, more than any other crude oil pipeline in the United States. Additionally, substantial coal deposits are found in Alaska's bituminous, sub-bituminous, and lignite coal basins. The United States Geological Survey estimates that there are of undiscovered, technically recoverable gas from natural gas hydrates on the Alaskan North Slope. Alaska also offers some of the highest hydroelectric power potential in the country from its numerous rivers. Large swaths of the Alaskan coastline offer wind and geothermal energy potential as well. Alaska's economy depends heavily on increasingly expensive diesel fuel for heating, transportation, electric power and light. Though wind and hydroelectric power are abundant and underdeveloped, proposals for statewide energy systems (e.g. with special
low-cost electric interties) were judged uneconomical (at the time of the report, 2001) due to low ( "Alaska Grown" is used as an agricultural slogan. Alaska has an abundance of seafood, with the primary fisheries in the Bering Sea and the North Pacific, and seafood is one of the few food items that is often cheaper within the state than outside it. Many Alaskans fish the rivers during salmon season to gather significant quantities of their household diet while fishing for subsistence, sport, or both. Hunting for subsistence, primarily
caribou,
moose, and
Dall sheep is still common in the state, particularly in remote
Bush communities. An example of a traditional native food is
Akutaq, the Eskimo ice cream, which can consist of reindeer fat, seal oil, dried fish meat and local berries. Alaska's reindeer herding is concentrated on the
Seward Peninsula where wild caribou can be prevented from mingling and migrating with the domesticated reindeer. Most food in Alaska is transported into the state from "Outside", and shipping costs make food in the cities relatively expensive. In rural areas, subsistence hunting and gathering is an essential activity because imported food is prohibitively expensive. The cost of importing food to villages begins at 7¢ per pound (15¢/kg) and rises rapidly to 50¢ per pound ($1.10/kg) or more. The cost of delivering a of milk is about $3.50 in many villages where per capita income can be $20,000 or less. Fuel cost can exceed $8.00 per gallon. ==Permanent Fund==