Word: kenai
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Rhapsody in Riches. But Alaska's promise sends statehooders into rhapsody. The oil boom, centered in the Kenai Peninsula, has brought the big U.S. oil companies hurrying north to drill the place full of holes-even though drilling a well there costs almost three times as much as it does at home-and already they have filed for leases on 27 million acres. The timber business racked up $34.3 million in 1957, and that economic youngster is still in short plants. Near Ketchikan, hard by the 16 million-acre Tongass National Forest, is a new, $52½ million pulp...
Opulence & Elements. Alaska has already made a running start with the resource of people. Anchorage, near the Kenai Peninsula, vibrates with a population of 35,000, has an opulent subdivision of $35,000 homes built by enterprising Wally Hickel. Two tall apartment houses peak the skyline, a glassed-in, year-round swimming pool ripples within sight of icy mountains, and fashionably dressed men and women frequent the Westward Hotel's spiffy cocktail lounge. Juneau still straggles with dingy, narrow streets from the roaring gold-rush times. Local phone service ends twelve miles from town, electricity 19 miles, the road...
ALASKA OIL LANDS in Kenai moose range will finally be opened for exploration. All oil leasing has been suspended by U.S. since Richfield Oil Corp. made Alaska's first big oil strike in Kenai last summer. Now Interior Secretary Seaton says U.S. authorities "are very close to agreement on additional areas" to be opened for oil search under stiffer rules for preserving wildlife...
...oilmen have some other potent arguments. Kenai oil is urgently needed for Alaska's three U.S. Air Force bases, two Army bases and countless Distant Early Warning (DEW line) stations. These outposts now get their oil products from Southern California over a long and vulnerable seaborne supply line...
...moose-v.-man issue gets even hotter as the Interior Department opens public hearings in Washington to hear the objections to its new leasing rules. Chances are that the oilmen and conservationists will work out a compromise because there is believed to be just too much oil in Kenai to let it lie there. The Fish and Wildlife Service will demand guarantees that the oilmen protect the moose by routing their roads around rather than through the moose land, by keeping oil from wells from polluting the marshes. Oilmen are expected to accept these conditions, and the stiffer leasing rules...