|00:00:00||THE COUNTRIES IN THE WORLD.|
|00:00:02||IT'S ABOUT 10% OF THE OIL FOR OUR COUNTRY COMES FROM PRUDHOE BAY UP HERE.|
|00:00:06||WHAT'S AMAZING ABOUT THIS DEVELOPMENT, AS IT MOVES FORWARD, IT WILL OBVIOUSLY PROVIDE EVEN MORE.|
|00:00:12||AND ALSO, LIKE YOU SAID, YOUR MAP THERE, IT'S ABOUT JOBS.|
|00:00:17||WHEN YOU THINK ABOUT THIS DEVELOPMENT, THIS COULD BE UPWARDS TO 54-PLUS THOUSAND JOBS ESTIMATED BY AN INDEPENDENT RESEARCH FIRM.|
|00:00:25||PLUS THESE JOBS PAY VERY WELL.|
|00:00:30||ON AVERAGE $117,000 A KWRAOEFRPLT I DON'T KNOW ABOUT YOU -- A YEAR.|
|00:00:35||I DON'T KNOW ABOUT YOU, I THINK THAT'S A GOOD-PAYING JOB.|
|00:00:40||MS. LANDRIEU: THAT'S A VERY GOOD POINT.|
|00:00:42||I TRY TO REMIND EVERYONE HERE THIS OIL AND GAS INDUSTRY THAT EXISTS IN LOUISIANA DOES NOT|
Mr. BEGICH. Well, absolutely. As a matter of fact, as we know, this line--this is the pipeline that brings resources from here down to Valdez and ships it throughout the country and the world. It is about 10 percent of the oil for our country that comes from Prudhoe Bay up here.
What is amazing about this development is, as it moves forward, it will obviously provide even more. Also, as the Senator said, with the map there, it is about jobs. I mean, when we think about this development, this could be upwards of 54,000-plus jobs estimated by an independent research arm. Plus these jobs pay very well: on an average, $117,000 a year. I do not know about you; I think that is a good-paying job.