Log in
Lost password
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  News


Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

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

07/17/2013 | 06:17pm US/Eastern

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
React to this article
Latest news
Date Title
10:19p WAL MART STORES : -Mart to break ground in Olympia Fields
10:18p CARLISLE GOLDFIELDS : in Discussions for Potential Transaction
10:15p 3M : Discovery education and 3m announce 2015 science competition winner
10:12p LIBRA : launching entrepreneurship awards
10:12p ARRIUM : NT prepares to honour Indigenous people's efforts in Darwin bombing
10:10p WEIBO : Dancer Yang Liping shines in red
10:10p ALIBABA : gears up for global expansion to serve 2 billion people
10:10p CHINA RAILWAY ERJU : plans 4 new railways
10:10p TALEN ENERGY : seeks $400 million in bank financing for acquisition
10:10p NEC : and ONF Conclude Proof of Concept on Transport Network Control with OpenFlow
Latest news
Hot News 
KOFAX : 3 Ways to Start Improving Your Mortgage Loan Process Today
UBS : Asia-Pacific Family Offices are the second best investment performers globally
PROACTIS : Reports Jump In Profit And Deal With Kingfisher's Screwfix
LIDCO : Half Yearly Report
Most Read News
06:52p Weak trading hits JPMorgan, profit falls in three core businesses
09:24p Mainland imports slump takes its toll on H shares
08:02p SCAQMD Launches Nation's Largest Zero-Emission Commercial Lawn Mower Demonstration Program in San Bernardino
07:59p Video Marketing Software 'Bookmark Alpha' Emerges As An Ultimate Video SEO Tool
08:15pDJSingapore 3Q GDP +0.1% On Qtr, Adjusted, Annualized
Most recommended articles
10:08p China September consumer inflation cooler than expected, producer prices fall for 43rd month
10:07pDJChina's Consumer Inflation Eases to 1.6% in September
10:06pDJDISH Petitions FCC to Deny Charter-Time Warner Cable Merger -- Update
10:05pDJDISH Asks FCC to Deny Charter-Time Warner Cable Merger
10:05pDJAsian Markets Fall on Renewed Growth Woes