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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (73150)	4/4/2010 4:49:04 AM
From: Snowshoe	Read Replies (1) \| Respond to of 74559

Swindle? It was all done out in the open, fair and square! Wally is a man of action... Alaska needs big, bold ideas now adn.com Our first governor, Bill Egan, wisely selected lands at the North Slope as part of our statehood entitlement. Exploration companies swarmed the Slope but, by the time I was elected in 1966, they had found nothing to get excited about. Only Atlantic Richfield was left. I flew to Prudhoe Bay and confronted their lead geologist, Harry Jamison, when he told me that they, too, were pulling out. "You drill, or I will," I said. He knew I meant it. The following year they discovered the biggest oil reservoir in North America. To get that oil to market, we built the largest project in the history of free enterprise, the trans-Alaska oil pipeline. But it didn't just happen. As Interior Secretary in 1970, I had to force Humble Oil, now Exxon, to get on board. I told CEO Mike Wright that if they continued to boycott the project I would tell the nation they were putting their corporate interests ahead of the American people. He chose not to risk the bad press at a time when Arab oil states were shutting down U.S. energy supplies. I then told the CEOs of Humble, BP and Atlantic Richfield that I couldn't deal with their loose pipeline consortium of seven companies. "I want one man to deal with," I said, "and I want him in 30 days." A month later, Ed Patton walked through the door. A brilliant pipeliner, Ed masterminded one of the modern wonders of the world. Where are the Alaskans today bold enough to champion big projects?