Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesHot NewsMost Read NewsRecomm.Business LeadersCalendar 

U.S. Senate Committee on Energy and Natural Resour : Murkowski Commemorates 40th Anniversary of Senate Vote on Trans-Alaska Pipeline System

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/18/2013 | 12:17am CEST

WASHINGTON, D.C. - U.S. Sen. Lisa Murkowski, R-Alaska, today highlighted the 40th anniversary of the Senate approving construction of the Trans-Alaska Pipeline (TAPS) in Alaska.

"Four decades ago today, the Senate authorized an ambitious project to construct a pipeline across the entire state of Alaska to deliver North Slope crude oil to the Lower 48," Murkowski said. "It was a monumental decision that has shaped the trajectory of Alaska to this day."

On July 17, 1972, the Senate voted 49-49 to approve construction of the pipeline. The deadlock was broken by the Vice President. The House approved similar language on Aug. 2, 1973.  

Work on the pipeline began in April of 1974, and finished in June 1977. More than 70,000 individuals worked on the construction of the 800-mile pipeline, overcoming extreme cold, difficult terrain and problems caused by permafrost. The first oil flowed down the pipeline to the seaport of Valdez on June 20, 1977.

Construction of the pipeline spurred exploration on the North Slope, leading to discoveries of new fields, including Kuparuk, Endicott and Alpine. At its peak on Jan. 14, 1988, TAPS carried 2.1 million barrels of oil a day. To date, the pipeline has delivered more than 16 billion barrels of oil to U.S. consumers.

The amount of oil in the pipeline has been steadily decreasing over the years as oil fields on state-owned land are depleted. The pipeline currently carries about 550,000 barrels of oil a day.

"The decrease in oil flowing through TAPS is something all Americans should be concerned about. The loss of one-fifth of our country's oil output is no small matter," Murkowski said. "A vast amount of oil remains as yet untapped in Alaska, most of it trapped on federal lands. It's my hope that on this 40th anniversary of the pipeline, we'll start to pay greater attention to the looming problem of losing a major portion of our country's domestic oil production if more federal lands in Alaska aren't opened to responsible development."

Murkowski is Alaska's senior senator and the ranking Republican on the Senate Energy and Natural Resources Committee.

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news
Date Title
05:18a MARTIN MARIETTA MATERIALS : Battle brews over gravel mining eyed for Boulder County 'gemstone'
05:03a BAYERISCHE MOTOREN WERKE : Lexington beautillion celebrates excellence for young black men
04:46a NATION MEDIA : UK ban on khat from Kenya to stay
04:39a BAYERISCHE MOTOREN WERKE : Port Aransas PD arrest driver after pedestrian death in hit-and-run
04:38a EMC : Dell EMC launches EMEA Cloud Ecosystem Hub
04:33a BANK OF JAPAN : Main events scheduled for Monday, March 27
04:28a INDIA TOURISM DEVELOPMENT : The real taste of India
04:28a NISSAN MOTOR : rolls out ultra-compact electric vehicle
04:26a LENOVO : 2-in-1 laptops set to steal limelight at Gitex Shopper
04:24a LONDON STOCK EXCHANGE : 'Qatar-UK Business and Investment Forum' To Promote Bilateral Relations
Latest news
Advertisement
Hot News 
9.35%Infineon raises 2017 outlook on stronger automotive orders
2.89%British engineer Smiths posts higher first-half profit, reaffirms FY outlook
-1.59%ANTHEM : Grilled as It Seeks to Save Cigna Deal
3.07%EXCLUSIVE - CHINA-BACKED FUND RELAUNCHES BID FOR U.S. CHIP DEAL APPROVAL : sources
7.57%TOSHIBA : shares rise 6 percent after Effissimo increases stake
Most Read News
07:14pDJOM ASSET MANAGEMENT : Chinese Conglomerate HNA to Buy Stake in U.S. Asset Manager
09:04p SKANSKA : The latest tactic for Virginia's governor against the hated tunnel tolls? Public shaming.
07:11p ALLIANCE TRUST PLC : Transaction in Own Shares
10:16p POU SHENG INTERNATIONAL : Final results for the year ended december 31, 2016
10:07p SOCIETE GENERALE GHANA : General Ghana launches loans Promotion
Most recommended articles
03/21 UK to investigate any UK banking involvement in 'Laundromat' case
07:14pDJOM ASSET MANAGEMENT : Chinese Conglomerate HNA to Buy Stake in U.S. Asset Manager
04:49pDJALPHABET : Uber Suspends Self-Driving Vehicle Program After Accident -- Update
09:51aDJWAL MART STORES : Correction to Wal-Mart Buying Spree Irks Some Hipsters Article
09:49a APPLE : Chinese court rules in favour of Apple in local design patent disputes