Word: alyeska
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Dates: during 1970-1979
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...proposed trans-Alaska oil pipeline. The statement, a prerequisite to any major environmental decision, sets forth no specific recommendations. But its analysis of the various routes for taking oil from the North Slope appears to pave the way for Administration approval of the 789-mile pipeline that the Alyeska Pipeline Service Co., a consortium of seven oil companies, wants to build from Prudhoe Bay to the ice-free port of Valdez in southern Alaska. Conservationists say that a pipeline across Canada to the Midwestern U.S. would cause less ecological damage from oil spills, and they plan to fight for their...
...Prudhoe Bay alone, almost 165 miles of 48-in. pipe lay stacked in seemingly endless rows of 60-ft. sections. The pipe is supposed to be used for construction of the 789-mile trans-Alaska pipeline by the Alyeska Pipeline Service Co., which was formed last year by seven oil companies. But the project remains mired in environmental controversy. Even if permission to build the pipeline is granted by the Department of the Interior within the next several months, as appears likely, the project stands to be delayed. A series of court injunctions won by such diverse groups...
...contradicts the basis of our competitive enterprise system," and the chairman of Sohio, Charles Spahr, warned that the plan had "cast a dark cloud over the future of private enterprise in Alaska." Last week, after meeting with Governor Egan in Juneau, top executives of the seven companies that own Alyeska agreed to provide the state with technical and engineering information about the pipeline -perhaps because they figured that the complexity of the problems could change the Governor's mind. They may also have reasoned that under a state-owned system, the state would still have to hire a private...
...companies are the biggest losers. They have invested $1.5 billion on the North Slope. Because the oil has not yet begun to flow out, the companies are losing $300 million to $400 million in annual revenues. Complains Ed Patton, president of Alyeska Pipeline, an oil-company consortium: "The costs are increasing dramatically each month. The interest alone on our investment runs to some $90 million annually." Moreover, the final cost of the pipeline may well be double the original estimate and hit $2 billion, owing to inflation and some highly complex engineering difficulties...