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Oil Industry / Alaska Oil / Problems #503025

NBC Evening News for Sunday, Feb 25, 1979
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(Studio) Possibility that United States may have to depend more on Alaska oil, with cutoff of Iranian oil, noted. Price said to be factor.
REPORTER: Jessica Savitch

(No location given) Prudhoe Bay, AK, reported to be largest oil field in US, with large part of resources untapped. Cutback in exploration by several oil companies and consideration of similar move by SOHIO stated. Reason given is Alaska taxes. [SOHIO chairperson Alton WHITEHOUSE - comments on Alaska state taxes on oil.] Report on situation by "Bus. Wk." magazine detailed. [AK senate pres. Clem TILLION - comments. Mentions President Carter's refusal to allow oil exports to Japan.] Details of export problem and expense it adds for oil companies in shipping excess oil from west coast through Panama Canal to Gulf coast given. Proposal to allow United States exports to Japan, which would mean Mideast oil now exported to Japan would come to eastern United States and Gulf coast, noted as against law. SOHIO's alternate plan to build pipeline from Long Beach, California, to Midland, Texas, reported Iranian unrest mentioned; film shown. Need for less expensive ways to get to Alaska oil stated.

Neal, Roy;
Savitch, Jessica

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