The pipeline runs across both federal and state lands and Valdez has huge infrastructure for handling the supertankers. So in several ways the state of Alaska (the people) is a major stakeholder in the oil companies. So it is really capitalism but without seeing the interconnection it would look like socialism.IMHO.
From the dictionary: “Socialism is a range of economic and social systems characterized by social ownership ... of the means of production”
From you: “in several ways the state of Alaska (the people) is a major stakeholder in the oil companies”
Socialism.