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Valdez (pronounced val-deez) is the largest of the Prince William Sound communities. This year-round ice-free port was the entry point for people and goods going to the Interior during the gold rush. Today that flow has been reversed, as Valdez Harbor is the southern terminus of the Trans-Alaska Pipeline, which carries crude oil from Prudhoe Bay and surrounding oil fields nearly
800 miles to the north. This region, with its dependence on commercial fishing, is still feeling the aftereffects of the massive oil spill in 1989. Much of Valdez looks modern, because the business area was relocated and rebuilt after its destruction by the 1964 Good Friday earthquake. Even though the town is younger than the rest of developed Alaska, it's acquiring a lived-in look.Many Alaskan communities have summer fishing derbies, but Valdez may hold the record for the number of such contests, stretching from late May into September for halibut and various runs of salmon. If you go fishing, by all means enter the appropriate derby. Every summer the newspapers run sob stories about tourists who landed possible prizewinners but couldn't share in the glory (or sizable cash rewards) because they hadn't forked over the five bucks to officially enter the contest. The Valdez Silver Salmon Derby is held the entire month of August. Fishing charters abound in this area of Prince William Sound, and for good reason: these fertile waters provide some of the best saltwater sportfishing in all of Alaska.