Word: alaskan
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...Middle Eastern energy sources and are looking for alternatives. They would like to buy U.S. crude from Alaska, which is 2,700 miles closer than Iran. Mike Mansfield, the U.S. Ambassador to Japan, and oil-industry officials have been arguing that the Japanese should be allowed to buy Alaskan oil. That, says Mansfield, would help correct the balance of trade between Japan and the U.S. and also save transportation costs for both countries. But the proposal has been blocked by American laws that prevent the export of Alaskan crude...
Most oil-company stocks, however, failed to share in the rise. Atlantic Richfield, for example, which has enormous reserves of Alaskan crude, dropped 2% during the week. The four U.S. partners in Aramco, which pumps most of Saudi Arabia's crude, held up better than the rest. The reason: any cut in the official OPEC price will help end the squeeze that the four-Exxon, Standard Oil of California, Mobil and Texaco-have suffered as the spot oil price (see chart) has fallen below the $34 that they now pay the Saudis...
...ALMOST a Renaissance man. Starting out at 26 as the president of an Ohio bank. Charlie Kirkwood has since worked as a publisher of a newspaper in Bangkok, a gandy dancer on the Alaskan railroad, a war-time reporter in Pakistan and Vietnam, and the founder of a prestigious law firm in Thailand. But now the man who describes himself as "an entrepreneur by nature" is back doing what he most enjoys--producing a revival of the hit musical Godspell, playing this month at the Charles Playhouse in Boston...
Henry Matson, 62, recalls the night he strolled into a bar called the Great Alaskan Bush Co. with a $12,579.64 paycheck in his pocket. At least he remembers the beginning of the night. Matson, who had been fishing for salmon in Alaska's Bristol Bay, was looking for a good time in the rowdy Anchorage saloon. And he got exactly what he wanted, according to Owner Edna Cox, who agreed to cash Matson's check. He spent the night, she said, "buying all the patrons in the club drinks, paying numerous girls for table dances, handing...
...California offshore oil could turn out to be quite profitable because it will cost less to produce than Alaskan crude. Moreover, refineries and transportation networks are close by, a formidable advantage when one considers that Prudhoe Bay oil from Alaska must be pumped through 800 miles of pipeline and then shipped 1,000 miles by tanker to reach the nearest customers. Says Oil Consultant Walter Levy: "The fact that the oil companies don't have to spend $8 billion for an Alaskan pipeline is a major advantage." Also, not having to contend with bitter Arctic weather will make...