Peak oil and fragility of global oil supply
To paraphrase the late Sen Everett Dirksen, "400,000 barrels here, 400,000 barrels there. Pretty soon, you're talking about a lot of oil."
I am referring to the recent announcement by BP that it is temporarily shutting down its Alaskan oil operations in Prudhoe Bay. Corrosion in the 30-year old transit lines makes it unsafe to continue operations. BP is removing 400,000 barrels per day of oil from the world's markets.
( Read on )
I am referring to the recent announcement by BP that it is temporarily shutting down its Alaskan oil operations in Prudhoe Bay. Corrosion in the 30-year old transit lines makes it unsafe to continue operations. BP is removing 400,000 barrels per day of oil from the world's markets.
( Read on )
posted by Oil Shock at 8/14/2006 08:13:00 PM
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