TAPS: A step toward reducing U.S. dependence on foreign oil ///

In the summer of 1968, Atlantic Richfield established commercial oil production on Alaska’s North Slope with the Prudhoe Bay State No. 1 well. By January 1972, approximately 15 Bbbl of proven reserves had been identified at Prudhoe Bay. Estimates put Alaskan oil reserves at 100 Bbbl, far beyond known U.S. reserves at that time. The major obstacle to large-scale development was the difficulty of transporting oil at an economical cost to markets in the south. Although plans for a pipeline across Alaska had been proposed in 1968, the U.S. Department of the Interior would not authorize the project.

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