Posted on 08/11/2006 9:44:49 PM PDT by HAL9000
Excerpt -
BP said Friday it would keep one side of the nation's largest oil field open as it replaces 16 miles of pipes.
The decision will allow BP to keep funneling up to 200,000 barrels of oil and natural gas from Prudhoe Bay. BP, which operates the oil field, had previously said it would have to completely shut down the oil field after discovering leaks and severe corrosion on the eastern side of the pipeline nearly a week ago.
~ snip ~
(Excerpt) Read more at adn.com ...
Good news. Wish they had been able to announce this earlier today to screw over the oil speculators. Oil prices would have plummeted.
Well that figures. They talk out of both sides of their mouth.
gee....wonder why these smart guys didn't figure this out until after they started getting some heat
bump
This is been discussed for days. Oil prices were closed today lower than a week ago before this started.
Well by driving the price up for the last 4 to 5 days they probably made enough extra money to pay for the new pipeline contracts.
I take it you don't actually follow the oil market. The price trend is going down this week, not up.
Awfully nice of them to keep half the oil field open. Why did they want to shut down the entire field in the first place? I'm still wondering if this is a political operation to keep oil prices up in an attempt to hurt the GOP in November.
Actually the first day or two oil was near record $77 per barrel.
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