Word: alaskan
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Dates: during 1950-1959
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...awarding Phillips the first Alaskan oil development contract, the Government set stiff terms. Phillips will have to spend at least $1,200,000 on exploration before June 30, 1956, and another 40? an acre on the million-acre tract every year thereafter. It must also sink two wells by 1956, start another two by the middle of 1958, and drill a well a year in each of the two adjoining districts* (Katalla-Yakataga) from 1959 to 1963, making a total of twelve wells in ten years. Phillips will lose the rights to land it does not develop under the terms...
...Alaskan politics seldom seem to bear much relation to the politics of the nation at large. The territory's isolated citizenry cannot vote for President, are entitled to send only a non-voting delegate to Congress, and must put up with governors appointed by the White House. Nevertheless, the Alaskan vote, cast before the rest of the national ballots in a presidential year, has accurately anticipated national political trends over the last 20 years...
...tree's range is unbelievable. If grows in the tropics, in higher altitudes above 7,000 feet and in practically every European country. Chaney reports that 50 trees lived through the 1949 Alaskan winter during which the earth froze to a depth of four feet. They are said in Finland to have survived a minimum temperature of 50 degrees centigrade...
...cost, $400 million, would make the project the second biggest single investment ever made at one site by U.S. private industry.† It would eventually boost Alcoa's aluminum capacity 60% to 2.1 billion pounds annually, provide year-round employment for 4,000 and create a new Alaskan city...
...north and finished aluminum to market. Alcoa is ready to raise the whole $400 million unaided, provided that 1) Canada will give permission to dam the river and divert the water, and 2) the U.S. will help Alcoa get title to the 20,000 acres of Alaskan land needed for the site (present homesteading laws limit one Alaskan purchase to 160 acres). The plan has already won the informal backing of the U.S. Defense Department. Moreover, Alcoa, a onetime monopoly which now has plenty of competition and only 50% of total U.S. capacity, doesn't think trustbusters could legally...