Later. Explore nations past on American History tv, every weekend on cspan3 i woke up at my home was in a suburb of anchorage it was all over the news. So, by the time i got to work and you all about it. My first reaction was disbelief, how could this happen. Then, the second reaction was just shock at the enormity of it. They spilled like 11 million gallons of oil and covered like 11,000 mi. 2 of ocean before it was done. The scale was inconceivable until it happened. Where were you working, and what was your job there i worked for the Anchorage Daily News and i was a reporter , primarily doing investigative work but also covering business so i covered oil even before the spill. Can you tell us what the history of the oil industry was in alaska, how large was it during that time. A modern oil industry that we know today got its start in alaska in 1967 when there is a huge oil strike, the pipeline began operating in 1973 and that was when the tanker traffic began so about 15 or 16 year
I was a reporter at the time during investigative work but also covering business. I had covered oil even before this bill. Can you tell us what the history of the oil industry was in alaska . How large was it during that time . The modern oil industry we know today got started in alaska in 1967. It was a huge oil strike. The pipeline began operating in 1973. About 15 years past. The oil industry in alaska from the day oil was discovered had an enormous mind share in this state. It was instantly recognized as the biggest source of funding for State Government. For a long time it was the only source that mattered. The oil industry produced money so fast that one of the jokes was even the Alaska Legislature couldnt waste it all. The oil industry took an acute interest in policy. Over time their influence over the legislature became enormous and it was almost more mandatory to be oil friendly to get elected to the legislature in this state. Who were some of the Big Companies operating out
Washington journal. Also live on American History tv on cspan3. I woke up at my home which was in eagle river. A suburb of anchorage. And it was all over the news. So by the time i got to work, i knew all about it. First reaction was disbelief. How could this happen . And the second reaction was just shock at the enormity of it. They spilled, i think, 11 million gallons of oil and covered, like, 11,000 square miles of ocean. Before it was done. The scale was inconceivable until it happened. Where r you working, what was your job there . I worked for the anchorage daily news, a reporter at the time primarily doing investigative work but also covering business so i had covered oil even before the spill. Can you tell us what the history of the oil industry was in alaska, how large was it during that time . The modern oil industry that we know today got its start in alaska in 1967 when there was a huge oil strike on the bay of the states north slope. The pipeline began operating in 1973 an
20 at 35 its the highest in the industrialized world at 20 were on the very low side, so well be very competitive. You look at china. Thats 15 other countries are 18 and some are 23 , 24 the average is actually of the primary competitor is actually 23 . So well be pretty much below the average, and well be able to compete, and despite all of that and despite before we even get this massive injection, we have a stock market that has hit record highs, 81 times since our election victory 81 times its at a new high right now unemployment is at a 17year low. Very shortly its going to be at a 19year low. We think the numbers are going to continue to go downing and we are also getting into the pool of the 100 Million People that are not working. That pool is now coming back as you know, thats not considered in the low employment numbers which means we have a lot of people that want to get to work and that will be working. Consumer confidence is at a 17year high weve created nearly 2 million j
Good morning. The hearing will come to order. Welcome to the committee on the Budget Hearing on the president s fiscal year 2019 budget. Today we will hear testimony from the director of the office of management and budget, the honorable mick mulvaney. During our hearing we will hear directly from the director of omb and we appreciate you being with us here today, mr. Director. Your insight will be very help of in our understanding. We see that the president s budget each year marks the beginning of the federal budgeting process or budget season as we like to call it, and the white house officially kicked it off on monday. While congress ultimately controls the purse strings, the president s budget request is still an important document for lawmakers to consider along the way. Each fiscal year the administrations budget documents documents the president s policy and spending priority. These are important for both changes to consider as work crafting the budget resolution begins in earn