(BP.com, Aug 7, 2006) This statement was made today by Bob Malone, Chairman and President of BP America, Inc., at a press conference in Anchorage, Alaska.
"We deeply regret that it has been necessary to take this drastic action of an orderly and planned shutdown of the Prudhoe Bay oil field.
"On behalf of the BP Group, I apologize for the impact it is having on the nation and the State of Alaska.
"We will be working with State and Federal regulators on plans for the orderly and planned shutdown of Prudhoe Bay. I would like to thank the State of Alaska, Department of Transportation and Alyeska for their current and longer term support.
"In addition, we will be conducting a parallel study with the agencies to determine if it is possible to safely continue operating portions of the field.
source:http://www.zoomchina.com.cn/index.php?/content/view/10890/1/
2006-08-07 15:28:56 · 6 answers · asked by Anonymous in Business & Finance ➔ Investing
Hang on to your hats, kids. Supply and demand...what a crock! They aren't going to be happy until it hits $5 a gallon. Who can afford that? There have been no wage increases that have been reflected off the supply and demand gouges! Thanks GW!
2006-08-07 15:36:03 · answer #1 · answered by All 4 JR 5 · 0⤊ 0⤋
That's what happens when corporate greed of Big Oil Companies gets the best of the weak human will. They didn't do their preventive maintenance to save money so they could make more profit by continuous pumping. Well oil only flows correctly and easily when it is hot and under pressure. This causes the build up of certain chemicals from the Oil on the interior of the pipeline to be slowly baked into the material of the pipes over time and causing a chemical change in the molecular structure of the pipes thereby causing it to corrode. Just an FYI: petroleum is taken from oil to mix with other chemicals and make Gasoline, Plastics, Styrofoam, Paint Thinner and other Petroleum Distillates, and many more. They chemicals are toxic and caustic. So yes it is the fault of BP for not doing there maintenance as they should. Just one symptom of what happens when corporate America gets greedy. And as always we pay for it, when they should be the ones who have to pay for the cost out of our pockets for the rise in gas, oil, and other product prices.
2006-08-07 15:43:45 · answer #2 · answered by sir_john_65 3 · 0⤊ 0⤋
The safest way of checking and replacing any damaged pipe is during a total shutdown. The state government have praised BP's speedy response particularly from an environmental point of view.
Losing a few day's revenue is a small price compared to an environmental disaster in such a beautiful place.
2006-08-07 15:39:08 · answer #3 · answered by Bart S 7 · 0⤊ 0⤋
To those harboring on about supply and demad, Demand is high right no so there is no reason why BP, sExxon on Mobile and COnoco Phillips would want to see the largest US oilfield not working. This is a huge financial blow to all three companies, who are invovled in the joint venture. Besides, the impact of this will really be only on the western side o fthe united states, particulalry california. Otherwise it will be only a few mroe cents elsewhre.
2006-08-08 07:16:45 · answer #4 · answered by Anonymous · 0⤊ 0⤋
what's suspicious is the fact that it's not just one big pipe but at least 4 separate pipes....no reason they shouldn't have at least one in near perfect condition at all times
they run tests on those pipes on a regular basis.....silly to think they're really caught off-guard like they say.
2006-08-08 19:29:01 · answer #5 · answered by Sizzle Pizzle 3 · 0⤊ 0⤋
this is just a way for the rich big wigs in oil, to just get richer. nowthey can raise the price of gas to beat last yrs. profit of 10 billion dollars. this goes into their pockets so they can just richer.
2006-08-07 15:35:03 · answer #6 · answered by jonessunrunner1 2 · 0⤊ 0⤋