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Final Summer Construction Season on Pipeline
The third and final summer on the seven point seven billion dollar trans Alaska pipeline sees thousands of high paying jobs disappear. Government and business leaders ask whether a bust lies ahead while Alaska officials stress deliberate development. The Prudhoe Bay oilfield discovery eight years ago spurred a spending boom and state leases in 1969 drew nine hundred million in bonus bids. Alaska has spent about a billion dollars over a decade to residents of Alaska and regional village corporations benefit from oil exploration profits.
MENTIONED IN THIS ARTICLE
Anchorage
Robert R. Richards
Alaska Pacific Bank
Stanford University Business School
Jay Hammond
Prudhoe Bay
Beaufort Sea
Alaska
United States