The oil and gas producing regions of Alaska have nearly 45 billion barrels of oil which will be left in the ground, or ?stranded?, following the use of today's oil recovery practices. A major portion of this ?stranded oil? is in reservoirs technically and economically amenable to enhanced oil recovery (EOR) using carbon dioxide (CO2) injection. This report evaluates the future oil recovery potential in the large oil fields of the North Slope and Cook Inlet regions of Alaska and the barriers that stand in the way of this potential. The report then discusses how a concerted set of ?basin-oriented strategies? could help Alaska's oil production industry overcome these barriers.