This report concerns itself with the construction of an Alaska natural gas pipeline. The report considers the funding available for a natural gas pipeline and the potential for it to stimulate the economy. Moreover, the report discusses how the 2008 recession poses an obstacle to the creation of the pipeline due to it causing low gas prices.

This report discusses one major element of the energy debate in the 108th Congress, which has been whether to approve energy development in the Arctic National Wildlife Refuge (ANWR) in northeastern Alaska, and if so, under what conditions, or whether to continue to prohibit development to protect the area's biological resources. The Refuge is an area rich in fauna, flora, and commercial oil potential. Current law forbids energy leasing in the Refuge.