Word: alaskans
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...another light, however, the pipeline has stained an increasingly rare social environment, one of relative simplicity and decency. To measure money's impact on the Alaskan lifestyle is difficult. But without a doubt, the pipeline, like the gold rush, has in many respects altered Alaskan society for the worse...
Some of the pipeline workers are Alaskan residents, who plan to stay in the state and to spend and invest their wages locally. But there are also the out-of-staters, "boomers," who come into Alaska generally to take as much money out of the state as they can. Those who succeed in getting jobs are, at the best, a drain on the Alaskan economy. But the out-of-staters who can't find work often resort to crime, which has skyrocketed since construction began in '73, in order to afford the state's high costs of living. Pipeline jobs...
...REAL victims of the pipeline may be the young Alaskans, fresh from high school. Bradley H. Faulkner '80, an Alaska resident, is one of several Harvard students who worked on the pipeline last year. "For someone in my situation, coming out of high school, the money is unparalleled, but once you've got it, it's like 'funny money' because you realize that you can buy just about anything that you have ever dreamed of buying. Anything," Faulkner said recently. He is fairly typical of the Alaskan youth, women as well as men, who upon high school graduation faced basically...
...most exciting sources of new crude, Alaska and the North Sea. The BP-Sohio partnership has leased the largest chunk (its proven reserves: 5.1 billion bbl.) of Prudhoe Bay fields on Alaska's North Slope. According to an agreement between the two companies, as the flow of Alaskan oil increases so will BP's share in Sohio, rising from 26% now to 51%, probably some time next year. In the North Sea, BP's wells are expected to produce more than 650,000 bbl. a day by 1980?equal to one-third of all oil consumed daily...
...host of the Thanksgiving Day get-together, billed as The Last Waltz, was Rock Impresario Bill Graham. He treated his $25-a-ticket patrons to a truckload of turkey and Alaskan salmon, a 38-piece waltz-playing orchestra, and decor featuring 25-ft. tall columns from the set of La Traviata carted over from the San Francisco Opera. Those folk who tend to sniff at such goings on could adjourn to the Cocteau Room, where the walls were covered with protruding noses...