The "Alaska Oil Boom" refers to a significant increase in oil production and economic activity in Alaska, particularly after the discovery of oil at Prudhoe Bay in 1968. This discovery led to the construction of the Trans-Alaska Pipeline System, which transports crude oil from the North Slope to the port of Valdez. The boom transformed Alaska's economy, creating jobs and attracting investment. The oil boom also had environmental and social impacts, as increased industrial activity affected local ecosystems and Indigenous communities. The revenue generated from oil production has been crucial for Alaska's state budget, funding public services and infrastructure development.