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Major Alaskan Oil Field Shutting Down
Ask News ^ | 8/6/06 | mary pemberton

Posted on 08/06/2006 8:16:56 PM PDT by grandpa jones

ANCHORAGE, Alaska (AP) - Half the oil 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.

BP officials said they didn't know how long the Prudhoe Bay field would be off line. "I don't even know how long it's going to take to shut it down," said Tom Williams, BP's senior tax and royalty counsel.

Once the field is shut down, in a process expected to take day, 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.

(Excerpt) Read more at story.news.ask.com ...


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events; US: Alaska
KEYWORDS: bp; energy; gas; gasprices; oil; oilsupply
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To: conservative in nyc
I guess the next question should be, "To whom do I address this question in hopes of getting some sort of answer......prey tell?"
21 posted on 08/06/2006 8:44:47 PM PDT by Cold Heat
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To: netmilsmom

We are. Pipeline capacity is the big bottleneck, but it takes time to drill the wells and build the production infrastructure.


22 posted on 08/06/2006 8:45:18 PM PDT by Smokin' Joe (How often God must weep at humans' folly.)
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To: knarf
Hell ... everyone knows that .... but what does it signify?

Full of words and music signifying nothing.

(1 Kings 7:23 KJV) And he made a molten sea, ten cubits from the one brim to the other: it was round all about, and his height was five cubits: and a line of thirty cubits did compass it round about.

23 posted on 08/06/2006 8:48:07 PM PDT by P-Marlowe (((172 * 3.141592653589793238462) / 180) * 10 = 30.0196631)
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To: knarf

I thought everyone knew this.
f(x) = (x); 1/(x)


24 posted on 08/06/2006 8:48:53 PM PDT by Westlander (Unleash the Neutron Bomb)
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To: Chewbacca

What, didn't you know?

It's all a big rovian plot!

8^)


25 posted on 08/06/2006 8:50:27 PM PDT by Halfmanhalfamazing (Linux, the #2 OS. Mac, the #3 OS. That's why Picasa is on Linux and not Mac.)
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To: saganite
from your posted article: Brenda Pierce, a program coordinator for the USGS energy resources program, said the agency would consider the Industrial Commission's request but would not comment on it until it was actually received. She said the USGS plans to study the oil and gas resources in western North Dakota's Williston Basin in late 2007 and early 2008. Now, Pres Bush isn't in the habit of calling me for advice, but if I had his (or Karl's) ear on this, I would tell him to go on national TV, educate the public about the current supply problems on the North Slope, with a possible solution to the problem being found right here in the good ol' US of A. Then, get Dorgan, and others on board for a massive project to bring these supplies on line, asap. Course, that's just this old fart speaking, imho.
26 posted on 08/06/2006 8:51:50 PM PDT by grandpa jones
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To: mysterio

did you forget your sarcasm tag? :)


27 posted on 08/06/2006 8:53:57 PM PDT by grandpa jones
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To: P-Marlowe

I knew that.


28 posted on 08/06/2006 8:54:00 PM PDT by moonhawk (Democrats are to "Diversity and Tolerance" as Islam is to "Peace.")
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To: Smokin' Joe

Hello Smokin' Joe. How did I know you would turn up here? LOL!


29 posted on 08/06/2006 8:55:32 PM PDT by saganite (Billions and billions and billions-------and that's just the NASA budget!)
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To: Cold Heat
I don't know why the AP quoted the lawyer. You'd think BP has some engineers who might know a thing or two about how long it takes to shut down an oilfield. Apparently, someone told them how long it would take - just look at the very next sentence in the article:

Once the field is shut down, in a process expected to take day
30 posted on 08/06/2006 8:55:50 PM PDT by conservative in nyc
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To: P-Marlowe

It was only a matter of time.


31 posted on 08/06/2006 8:57:24 PM PDT by xzins (Retired Army Chaplain and Proud of It! Supporting the troops means praying for them to WIN!)
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To: grandpa jones

Well, an E.O. from Bush could lift ALL production restrictions on oil in the lower 48,,,right???


32 posted on 08/06/2006 8:57:39 PM PDT by Waco
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To: grandpa jones

I would settle for someone in power accelerating the US Geological survey so we can find out what's there. One thing you have to understand though is that if anyone announced a find of that size in the US that's easily accessible the oil price would tank. There are a lot of interested parties who wouldn't like to see that happen, including the environmentalists.


33 posted on 08/06/2006 8:58:57 PM PDT by saganite (Billions and billions and billions-------and that's just the NASA budget!)
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To: grandpa jones

No. This issue is really making me upset. I don't really think that there is a big oil company conspiracy, but the result is the same. I know that oil will never be replaced if it is cheap, but that doesn't make dropping the equivalent of two phone bills a week any easier. Makes it tough to get ahead. Even with raises, I feel like I'm moving backwards because more of my money goes to gasoline and natural gas every year. I'm currently saving back as much as I can with the goal of getting rid of my natural gas furnace and possibly getting a car that uses a non-fossil fuel energy source.


34 posted on 08/06/2006 9:00:06 PM PDT by mysterio
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To: grandpa jones

Oil is trading up $1.14 to $75.90 tonight. Apparently on the news.


35 posted on 08/06/2006 9:00:08 PM PDT by Royal Wulff
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To: grandpa jones
The Sky is Falling...The Sky is Falling...The Sky is Falling...The Sky is Falling...The Sky is Falling...The Sky is Falling...The Sky is Falling...The Sky is Falling...The Sky is Falling...

Fixed in a week to ten days..Tucker snow cats,sledges and a section of replacement pipe, welders, and the job is done.

36 posted on 08/06/2006 9:00:49 PM PDT by Candor7 (Into Liberal flatulance goes the best hope of the West, and who wants to be a smart feller?)
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To: Candor7

Not to be a party pooper but if that section of pipeline is showing severe corrosion it calls into question the integrity of the entire line. Also, I'm betting they don't have spare pipe sitting around for repairs. I'm afraid this could take longer than a few days.


37 posted on 08/06/2006 9:04:11 PM PDT by saganite (Billions and billions and billions-------and that's just the NASA budget!)
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To: saganite
One thing you have to understand though is that if anyone announced a find of that size in the US that's easily accessible the oil price would tank. There are a lot of interested parties who wouldn't like to see that happen, including the environmentalists.
Good points. I know I'll get flamed for saying this, but I would be willing to pay $5 a gallon just to be able to tell the arabs to f*ck off.
38 posted on 08/06/2006 9:06:17 PM PDT by grandpa jones
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To: grandpa jones

see also

BP shutting down large Alaska oil field
http://www.freerepublic.com/focus/f-news/1678925/posts


39 posted on 08/06/2006 9:08:46 PM PDT by thackney (life is fragile, handle with prayer)
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To: Candor7
Fixed in a week to ten days
Hope you're right. Article didn't really indicate the scale of the corrosion problem. If it is isolated as you suggest, this could just be an opportunity for day-traders and a minor inconvenience to JQ Public.
40 posted on 08/06/2006 9:09:56 PM PDT by grandpa jones
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