Word: alaskas
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...companies have profited handsomely from the rise in crude prices. The big winners are mostly firms that own large petroleum reserves as well as those that sell large amounts of gasoline or oil products to others at wholesale. Arco, for example, which controls a large stake in Alaska's North Slope, enjoyed third-quarter earnings of $462 million, up 22% from last year. Some companies were losers because they lack major reserves but operate large retail networks of gas stations. Mobil, which buys an unusually high proportion (60%) of its crude oil from other companies, suffered a profit slump...
...Vietnam, U.S. troops bombed the land in order to save it. The same logic seems to have prevailed in the wake of the 11 million-gal. Exxon Valdez oil spill in Alaska last year. To help win multimillion-dollar court judgments against Exxon, federal and state officials have funded the deliberate killing of hundreds of healthy animals. The aim of all this destruction? To better estimate the destruction caused by the spill...
...estimate that the fatalities may have been far more numerous, between 100,000 and 300,000. The project seeks to demonstrate that the missing birds could have sunk to the ocean bottom, floated out to sea, or washed up on deserted shores. In separate studies, meanwhile, the state of Alaska killed more than 200 ducks and scores of mammals, including deer, otter, mink and seals, to analyze long-term contamination effects...
Nonsense, say opponents. The ballot measure targets one of the least dangerous drugs, they claim, and ignores the far more serious problems posed by alcohol in Alaska. More fundamentally, argue ads launched by Alaskans for Privacy this month, the campaign is "about the government telling you what you can eat, drink or smoke in your own home." Poll tallies taken before the latest privacy offensive show the anti-pot initiative passing...
...There is still as much oil to be found in the U.S. as has ever been produced. And some of our largest fields were drilled under terrible economic conditions. But as long as we have environmental moratoriums up and down the coasts, in Alaska and in the West, we certainly won't find them...