Excerpt from The Export of Alaskan Crude Oil: Hearing Before the Subcommittee on International Finance and Monetary Policy of the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundred Third Congress, Second Session Senator murray. Good morning. We are going to run a tight ship here today. We have a Budget hearing going on at the same time as this hearing, so we will have to limit all of our witnesses to 5 minutes today. For the record, Senator Sasser is not here today because he is chairing a Budget Committee hearing and asked me to chair this committee hearing in his place. As we mark up the Export Administration Act this year, I hope everyone remembers the policy decision made by Congress in 1973. Although I was not here at the time, the record is clear that Con gress restricted the export of Alaskan North Slope crude oil in order to enhance national energy security. This law has accomplished many things over the last 20 years. It created an efficient transportation infrastructure to move Alas kan North Slope crude oil to West Coast refineries and consumers. It created jobs in the maritime and ship building industries, and it reduced our reliance on oil from foreign countries, many of which are unstable or unfriendly. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.