Obama admin setting stage to dismantle Alaska pipeline
The Obama administration is setting the stage for the dismantling of the Trans-Alaska Pipeline and poses the greatest threat to its existence today, according to House Natural Resources Committee Chairman Doc Hastings.
The 800-mile pipeline cost $8 billion to construct in the 1970s, and has moved more than 18 billion barrels of crude oil. Three oil companies constructed it, in the face of significant opposition from environmentalists, in response to the 1973 Arab oil embargo.
The federal government approved the pipeline as part of a strategy to secure domestic alternatives to oil from the Middle East. But the Natural Resources Committee notes that the law authorizing the then-controversial pipeline’s construction came with a caveat: If the pipeline should ever cease being viable, it must dismantled.
That day could come within the next decade.
Hastings told The Daily Caller the Trans-Alaska Pipeline remains an important national-security asset today just as it was in the 1970s, because it helps reduce Americans’ dependence on foreign oil.
According to Hastings, the Obama administration has shown a greater interest in appealing to “far-left environmentalists” than in preserving a pipeline that carries approximately 10 percent of the nation’s daily oil output and is responsible for one-third of Alaska’s economic output. ...