You ready for me, mr. Chairman . Yes, mr. Roe, we have your statement. It will be included in the record in its entirety. And under the circumstances, you can deliver it in its entirety or summarize, either way. Ill just sort of summarize it. Ill here to provide a frank response to questions regarding Exxon Valdez Oil spill, and to describe our continuing to efforts to deal with its consequences. Before this, i do this, however, i want to express sincere regret as to what happened on behalf of all the employees of exxon and certainly on beha of myself. I really cant tell you how sorry we are this disaster occurred. And we are particularly sympathetic to the impacts on the residents of alaska and particularly those in the Prince William sound area. Thats where the difficulty is really creating a great deal of problems for those people. As has been said many times this morning and by us earlier than this, we take full responsibility, and weve done so from the beginning. Well continue doi
Ill is up rise, either pie. Ill summarize it. I am here to product response to the oil spill and designed with the efforts to deal with the consequences. Before i do this, however, i want to express sincere regret as to what happened on behalf of all the employees of exxon and certainly on behalf of myself i really cant tell you how say we are sympathetic and particularly those in alaska and the Prince William sound area and thats where the difficulty is creating a great deal of problems for those people. As weve by, and we will continue doing all we can can in spilling up the and theyve already been this uponment in the area, and high the skies make it a particularly different problem. A few comments about the spill to put it in perspective and its been changed many times. The spill is 240,000 barrels that occurred early on march 24. We have other factual information. The weather was clear. The ship had no known mechanical difficulty. A change was requested because of ice and the outg
That revenue is just a bid among federal programs and shared with the state, local and tribal governments. Finally, we will hear testimony on two measures that would boost revenue sharing from onshore renewable as well as offshore development. Both bills under consideration or sponsored by members of this committee. Senator cassidy has introduced s2418 which is the coastal act and senator mick sally has introduced f2 666 which is a public lands are knowable Energy Development act. As a cosponsor of the coastal act i want to thank senator cassidy for introducing legislation that would bring revenue sharing for coastal producing states into parity with onshore developments. Progress laid the foundation through the passage of the gulf of Mexico Energy security act back in 2006. At that time the bill did not include alaska. The coastal act we are considering now what establish a Revenue Sharing Program that would include alaska. At the current time our offshore production is pretty minimal
We are here this morning for three closely related purposes and first we will examine federal revenues generated from Energy Development on our federal lands, indian lands and federal offshore areas. Secondly, we will explore how that revenue is just a bid among federal programs and shared with the state, local and tribal governments. Finally, we will hear testimony on two measures that would boost revenue sharing from onshore renewable as well as offshore development. Both bills under consideration or sponsored by members of this committee. Senator cassidy has introduced s2418 which is the coastal act and senator mick sally has introduced f2 666 which is a public lands are knowable Energy Development act. As a cosponsor of the coastal act i want to thank senator cassidy for introducing legislation that would bring revenue sharing for coastal producing states into parity with onshore developments. Progress laid the foundation through the passage of the gulf of Mexico Energy security ac
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