This can't be good. I don't think things are going to be very happy in Bu$hCo land.
In a sudden blow to the nation's oil supply, half the production on Alaska's North Slope was being shut down Sunday after BP Exploration Alaska, Inc. discovered severe corrosion in a Prudhoe Bay oil transit line...
Once the field is shut down, in a process expected to take days, BP said oil production will be reduced by 400,000 barrels a day. That's close to 8 percent of U.S. oil production as of May 2006 or about 2.6 percent of U.S. supply including imports, according to data from the U.S. Energy Information Administration...
3 comments:
I just think this is another excuse to say "supply just can't keep up with demand, therefore the price just keeps going up"
I'll bet they will still show record profits for the third quarter. Prices will jump even if Dubya lets them dig into our reserves. The oil olagopoly will bankrupt this country in time.
If they need to raise prices, rusty pipes is way cheaper than crashing another oil tanker. They need to save money to pay for those golden CEO retirement programs.
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