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How selling Alaska in 1867 was a costly mistake for Russia | World News – The Times of India

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How selling Alaska in 1867 was a costly mistake for Russia | World News – The Times of India


In 1867, Russia’s decision to sell Alaska to America turned out to be a historic mistake that was to go unnoticed for years to come. The sum paid by the US was only $7,200,000. Although, in the light of the circumstances at the time, it appeared logical, retrospectively, the act looks extremely shortsighted. Russia found itself economically constrained, geographically far away from the region and fearful of its falling into the hands of the British without any compensation. In reality, however, the region had proved immensely valuable both strategically and naturally.

Why Russia agreed to the Alaska purchase

The choice of selling Alaska was based on economic and political reasons. By the middle of the 19th century, the Russian Empire experienced financial difficulties as a result of the expensive Crimean War. It had become increasingly hard for the country to manage such remote and thinly populated areas as Alaska.According to EBSCO, “the Russian-American Company was in decline, and the colony failed to yield any profit”. In addition to this, the lucrative fur trade had declined, making the territory much less economically valuable for the empire.At the same time, Russia was afraid that Britain might capture Alaska in case another war broke out between the two countries. Selling the colony to the friendly United States appeared as a logical step. As the Office of the Historian states, William H. Seward, U.S. Secretary of State, “it was a chance to expand its influence in North America and hinder further growth of Britain”.For Russia, the transaction was a chance to minimise the losses. However, it greatly undervalued the potential of Alaska.

The hidden wealth Russia gave away

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Another thing that Russia did not expect was the amount of riches that Alaska possessed. Within several decades after the acquisition, the state saw discoveries of enormous deposits of gold, oil, and other minerals.“Alaska has produced more than 40 million ounces of gold,” according to the US Geological Survey. Furthermore, Alaska is home to some of the world’s most significant undeveloped mineral deposits, according to the U.S. Geological Survey (USGS). But even more importantly, the state’s oil deposits turned out to be extremely valuable. The Prudhoe Bay oil field was discovered in 1968 and became one of North America’s biggest.In retrospect, the amount paid by the Americans, $7.2 million, or two cents per acre, was rather laughable. According to Howard I. Kushner, the deal “robbed Russia of an enormously rich territory, the true value of which would only be recognised in the twentieth century.”

Strategic and geopolitical consequences

In addition to resources, there is the question of strategy and how important Alaska is to the United States from a strategic standpoint. This is a very good place when it comes to defence strategy. It borders on the Arctic Ocean and also happens to be close to Russia.During the period of the Cold War, the Alaskan region became a frontier area for the United States, becoming home to military facilities and warning systems.According to Col. Michael J. Forsyth, U.S. Army, the closeness of Russia and Alaska, only about ninety kilometres apart across the Bering Strait, meant that this region became highly significant to the United States’ defence plans.From today’s point of view, the strategic location of Alaska makes the state very important to the policies of the U.S. related to the Arctic, energy security, and even environmental policies.Thinking back, what seems clear to us now is that the Russians sold Alaska due to immediate needs rather than future considerations. In order to solve the problem, they lost a valuable resource for Russia.Conclusively, the Alaska Purchase should not have been done as it has had a significant impact that will remain throughout history.



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Alaska

Alaska Airlines names CFO as new president

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Alaska Airlines names CFO as new president


Alaska Airlines has given its chief financial officer, Shane Tackett, another responsibility — president. Tackett will assume his additional role at the SeaTac-based airline on June 29. (M. Scott Brauer/Bloomberg)

Alaska Airlines has given its chief financial officer, Shane Tackett, another responsibility — president.

Tackett will assume his additional role at the SeaTac-based airline on June 29, according to a news release Wednesday.

Tackett will continue leading the organization’s finance, fleet management, investor relations, supply chain, internal audit and information technology functions, according to the release. His new responsibilities as president include oversight of Alaska Airlines’ commercial division.

Tackett previously held positions in labor relations, e-commerce and financial planning at the company, according to his LinkedIn profile.

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“I started at Alaska more than 25 years ago, and over that time we’ve built a stronger, more resilient airline with a clear strategy for the future,” Tackett said in a statement.

He said he is excited to lead more of the organization in his new role and deliver to guests, employees and owners.

In a statement, Alaska Airlines CEO Ben Minicucci said Tackett has led the company through challenges and helped it grow over his 25-year tenure.

“Bringing commercial and finance leadership together under Shane will strengthen alignment and accelerate our priorities as we continue advancing our strategy and creating long-term value for our stakeholders, said Minicucci, who also serves as CEO and president of the airline’s parent company, Alaska Air Group.

Tackett’s promotion comes as the airline navigates challenging macroeconomic factors, including rising fuel costs and weakening consumer demand for travel.

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Alaska Air Group — which includes Alaska and Hawaiian Airlines, as well as regional carrier Horizon Air and ground support company McGee Air Services — saw its profits drop 70% in 2025 year over year. It continued to face financial woes in 2026.

The company lost $193 million in the first three months of 2026 as it dealt with skyrocketing jet fuel prices due to the war in Iran.





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Alaska study sees mixed results on links between kelp farms and CO2 levels – Homer News

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Alaska study sees mixed results on links between kelp farms and CO2 levels – Homer News


Alaska study sees mixed results on links between kelp farms and CO2 levels

Published 5:30 am Thursday, June 18, 2026

A study into the amount of CO2 absorbed at a pair of Alaska kelp farms is throwing some cold water on hopes that seaweed could be an answer to climate change.

Alaska kelp farms, which have been viewed as a potential boon for reducing local carbon-dioxide levels, have surprisingly murky effects on atmospheric CO2 removal, according to a new study.

A University of Alaska Fairbanks-led project measured the amount of CO2 that was emitted and absorbed at two kelp farms in the Gulf of Alaska during the 2023-2024 growing season. The outcome was mixed — one farm slightly reduced carbon dioxide in the local environment while the other added more to it.

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Marine carbon dioxide removal (mCDR) has been touted as a potential strategy to reduce atmospheric carbon dioxide levels, with the ocean serving as a sink for human-produced CO2.

The study, which was recently published in the journal Ocean Science, is the first to measure mCDR in Alaska waters. It focused on kelp farms, which can draw down CO2 through the process of photosynthesis.

“It’s easy to jump on the bandwagon that seaweed is going to change the world, but ultimately we want to be honest to the public,” said Amanda Kelley, an associate professor at UAF’s College of Fisheries and Ocean Sciences and a contributor to the study.

“Really, it’s very nuanced, and there are a lot of factors that affect kelp’s ability to do that.”

Josianne Haag, who led the project as a UAF doctoral student, installed sensors both inside and outside kelp farms in Windy Bay near Cordova and Kalsin Bay on Kodiak Island. From seeding to harvest, hourly data was collected on ocean chemistry, temperature, salinity and oxygen levels.

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The two sites had numerous differences, including the type of seaweed being planted, the timing of their growing seasons and the size of the farms. Also, Windy Bay’s tides are more extreme than Kalsin Bay’s.

The results were striking and varied. The farms flipped between absorbing and releasing carbon dioxide depending on the amount of sunlight and the time of day. Extreme low tides affected CO2 levels by flushing groundwater into the area, briefly raising carbon dioxide levels.

A film of marine fauna grew on some of the farm equipment in Kalsin Bay, leading to a burst of carbon dioxide production through their respiration.

Overall, the Windy Bay farm slightly reduced nearby atmospheric marine carbon dioxide levels while the Kalsin Bay farm boosted them. Measurements will continue at the farms for at least two more years, but the first season revealed that a kelp farm’s recipe for carbon intake and output is surprising and complex.

“It’s really not doing much in either direction,” Haag said. “The farms aren’t necessarily harming anything, but we shouldn’t be blowing out of proportion that they’re going to save us from climate change.”

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The study was part of the Mariculture Research and Restoration Consortium project, which is an ongoing effort to look at the impacts and benefits of mariculture in Alaska. Mar ReCon research is funded by the Exxon Valdez Oil Spill Trustee Council.



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Gagnon Coal Seam Fire reported near Healy

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Gagnon Coal Seam Fire reported near Healy


At approximately 7:30 p.m. Wednesday evening, a fire was reported off Healy Spur Road. The Division of Forestry & Fire Protection, along with the Tri-Valley Volunteer Fire Department and Anderson Fire Department, responded to the Gagnon Coal Seam Fire (#206).

Estimated at 3 acres, the fire was burning in grass with approximately 50% of the perimeter actively burning. A five person Initial Attack squad, helicopter, and engine responded. Light rain was reported at the incident upon arrival.

There are no structures threatened, and there are no evacuations in place. This will be the last update on this incident, unless conditions change.

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This map shows the location of the Gagnon Coal Seam Fire (#206) located on the Healy Spur Road east of Usibelli on Wednesday, June 17, 2026. Click on the image to download a PDF type file to enlarge or print.
‹ DFFP is responding to the Bulchitna Fire in the Fish Lakes area of the Yentna River 

Categories: Active Wildland Fire, Alaska DNR – Division of Forestry & Fire Protection (DFFP)

Tags: 2026 Alaska Fire Season, coal seam, DFFP Northern Region, Gagnon Coal Seam Fire



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