In the hotels and barrooms of Anchorage, Alaska, oilmen from 25 U.S. companies waited anxiously last week for word from Washington, D.C. that would start the greatest northern land rush since the Klondike gold strike. They had swarmed to Anchorage by the score this fall after Richfield Oil Corp. made Alaska's first big oil find in the nearby Kenai national game preserve (see map). So promising was the well (900 bbl. a day) that the companies are prepared to sink $100 million into the search for more. If they are just moderately...
To continue reading:
or
Log-In
