Word: alaskans
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Dates: during 1980-1989
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...cost that could exceed $43 billion, the 4,800-mile Alaska-Canada natural gas pipeline will be the most expensive privately financed construction project in history, surpassing by far the $9 billion spent on the 789-mile Alaskan oil pipeline during the 1970s. Last week the U.S. House of Representatives passed a bill already approved by the Senate that could make the project the most controversial as well...
...waivers to the Alaska Natural Gas Transportation Act, which set the ground rules for the project as early as 1976. The three U.S. natural gas producers involved in the deal-Exxon, Standard Oil of Ohio and Atlantic Richfield-will be allowed to share ownership in the pipeline with the Alaskan Northwest Natural Gas Transportation Co., the ten-company consortium that plans to build it. A1977 presidential decision barred such an agreement on antitrust grounds, but the backers argued that the change was needed to pay for the project...
...pipeline's owners to begin sending gas bills to consumers even before the pipeline is completed and fuel starts flowing. The companies insisted that this was necessary to protect investors should the pipeline be delayed or blocked by legal action in the U.S. or Canada. Construction on the Alaskan oil pipeline was halted for five years because of an avalanche of court cases by environmentalists...
...pipeline will still face some serious hurdles. Arranging the huge amounts of necessary bank financing will be difficult in view of current tight credit, and a Reagan Administration decision to speed up the decontrol of natural gas prices might also complicate the issue. Such a step would make Alaskan gas more expensive than projected and would dim the attractiveness of gas from under the midnight...
...oceangoing tug Cavalier and his crew of seven are part of a convoy of tugs and barges making the hazardous trip from the Pacific Northwest to the oilfields around Prudhoe Bay in Alaska. Once a year, for up to six weeks, the Arctic ice pack crumbles away from the Alaskan coast, giving the oil companies their only chance to transport equipment too large to be carried by airplane or truck from Anchorage, more than 600 miles to the south. In 1975, when the entire fleet was trapped in the ice, the scheduled opening of the trans-Alaska oil pipeline...