Word: alaska
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Dates: during 1960-1969
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...have just fulfilled a campaign speaking schedule which took me to 30 states, from Florida to Alaska. I never worked harder, felt better or approached the new Congressional session with more enthusiasm, and if there is ever a problem with my health, I will be the first to say so. (My golf handicap was just cut by two strokes...
...Secretary of Transportation), Alaska Governor Walter Hickel (Interior), and Chamber of Commerce President Winton Blount (Postmaster General). The best-known figure in the group, Michigan Governor George Romney (Housing and Urban Development), was head of American Motors...
...just such a joint venture that touched off the rush to the North Slope this year. Geologists have long been aware that Alaska holds one of the last great known deposits of the world's main energy source. The Navy has controlled a 37,000-sq.-mi. North Slope petroleum reserve since World War II, but found no need to develop what it considered only a strategic reserve. Farther south at Cook Inlet, working wells produce 195,000 bbl. daily and have made Alaska the U.S.'s eighth largest oil-producing state. Three years ago. with U.S. consumption...
...Alaskan state government are still mulling over ways to move it. The companies prefer a pipeline to a relatively ice-free port like Valdez. The line would have to weather destructive ground heaves caused by summer thaws and winter freezes and could cost $500 million or more. Alaska's Governor Walter J. Hickel is pushing his longtime dream of extending the Alaska Railroad beyond its present Fairbanks terminal all the way to the Arctic Sea. Washington's Department of Transportation, which runs the federally owned, 541-mile road, has balked so far at the estimated $300 million cost...
Either way, Alaska is bound to benefit. Though the fields are now being worked by outside labor, oil should eventually alleviate chronic unemployment among the state's 270,000 residents, whose two main occupations are fishing and working at the U.S. military bases. The state government will collect a 12.5% royalty in the form of oil, which it will sell to processors for the profitable petrochemical trade that they already conduct with Japan. Eventually, oil will mean far more to the state than gold, of which about $750 million worth has been mined since 1880. Only $760,000 worth...