This Week in Alaska Business History

Editor’s note: "This Week in Alaska Business History" revisits events that shaped our past.

"Those who cannot

remember the past are

condemned to repeat it."

-- George Santayana, 1863-1952

20 years ago this week

Anchorage Times

March 13, 1981

Consultant paints rosy picture of gas line prospects

By Dave Carpenter

Times Juneau Bureau

JUNEAU -- The proposed Alaska natural gas pipeline will "almost certainly" be built but construction won’t start before 1983 and probably not until 1984, according to a Washington, D.C., consultant.

Joseph H. Chomski, in remarks prepared for delivery before the Joint Natural Gas Pipeline Committee, painted a fairly rosy picture of gas line prospects.

"The Alaska gas pipeline project has had its problems, as all will admit," said the legislative panel’s legal counsel.

"It still faces many tough ones, but the events of the last year cast an undeniable aura of optimism," he said. "In no year has progress been greater than the last one."

... The attorney said negotiations between North Slope producers and Northwest Alaskan Pipeline Co. officials in New York may result in an agreement on gas line financing within the next month.

Anchorage Times

March 12, 1981

Yukon Office Supply expands chain with four Hawaii stores

By Karen Ransport

Yukon Office Supply has expanded to Hawaii, representing a new chapter in growth for the 30-year-old Alaska firm.

Started by Jess Bovee and a one-man service department on Fourth Avenue in 1951, the firm grew to nine Alaska branches and 260 employees by 1980.

Yukon Office Supply’s success is the result of a people-oriented philosophy and the blessing of good employees and management, president Steve Karakash said Thursday.

"We feel we have always been pioneers in office supply and will continue to be a young, dynamic firm," Karakash said.

10 years ago this week

Alaska Journal of Commerce

March 11, 1991

Chevron delays Beaufort exploration

By Ray Tyson

For the Journal of Commerce

Chevron USA has delayed plans to launch a $100 million exploration program this summer in the Beaufort Sea, putting another damper on what was shaping up to be an unusually busy offshore drilling season on Alaska’s outer continental shelf.

"As is often the case in this industry, we couldn’t get a quick agreement with our partners on what their interest in the venture would be, and to get them to commit to it," said Tom Cook, Chevron’s Alaska exploration representative.

In November, Texaco USA postponed its plan to begin a three-year exploration program in the Chukchi Sea when the company refused to accept new state drilling standards. Texaco appealed its case to the U.S. Commerce Department, a process that could take up to two years.

Alaska Journal of Commerce

March 11, 1991

Soft market for S.E. timber

Alaska Journal of Commerce

Soft markets are continuing for timber operators in Southeast Alaska. Overall production is probably down 15 percent compared with this time last year, but economists are sticking with the predictions of gradual improvement in prices in the third or fourth quarter of 1991.

But a general recovery could also come a little sooner. Reconstruction in the Persian Gulf may add a "good chunk of new demand" for construction-grade timber, says Frank Seymour, timber specialist in the state Division of Business Development. "It won’t be big enough to lift the market by itself, but it will impact the market."

Most of Alaska’s timber output goes to export markets, mainly in Japan.

-- Compiled by Ed Bennett.

03/10/2001 - 8:00pm