Has anyone heard anything similar, or are people just trying to stir up trouble. If it is true, do you have a source?
2006-08-07 16:02:21 · 9 answers · asked by sakareri 3 in News & Events ➔ Current Events
BP is shutting down one of the largest oil fields in the united states (Prudhoe Bay) because of corrosion and leaking found in the pipeline. This will reduce our supply of domestic crude oil, drive prices higher and make us even more dependent on foreign sources. This may force the government to release some of our nation's crude oil reserve to keep oil prices from skyrocketing to ridiculous amounts (which will happen anyways).
2006-08-07 16:11:09 · answer #1 · answered by sukditup 3 · 0⤊ 0⤋
Yes, this is true, I got the following information from Reuters. For the full article refer to the source.
"ANCHORAGE/NEW YORK, Aug 7 (Reuters) - BP Plc (BP.L: Quote, Profile, Research) is shutting down its giant Alaska Prudhoe Bay oil field due to a damaged pipeline and fears of wider corrosion, slashing West Coast supplies and prompting the U.S. government to consider releasing emergency stockpiles as prices jump."
2006-08-07 16:11:27 · answer #2 · answered by Emmerage 2 · 0⤊ 0⤋
This may not mean "literal collapse", but the problem with BP closing in Alaska could mean our country could weaken even more. Eight percent of our oil comes from Alaska this could be detrimental to our gas prices, food and employment. Now if the conflict in the middle east does not right itself, we as American will suffer economically. Think about how much of our oil comes from the middle east. Save your money everyone.......this isn't over yet.
2006-08-07 16:39:13 · answer #3 · answered by toni l 3 · 0⤊ 0⤋
There was some corrosion so it was shut down..of course, 2.5% of the oil supply is affected which means 20% increase in oil prices.
screw the little guy.
please...screw the little guy.
2006-08-07 16:09:26 · answer #4 · answered by toejam 2 · 0⤊ 0⤋
No, not true...it has been closed because of a leak...it's all over the news, what does that mean to you and me? Much higher prices of goods and services beginning with gas.
2006-08-07 16:07:55 · answer #5 · answered by curious115 7 · 0⤊ 0⤋
Get ready for 5 bucks a gallon gas.
2006-08-07 20:50:30 · answer #6 · answered by acid tongue 7 · 0⤊ 0⤋
One of BPs lines had a leak so they had to shut it down
2006-08-07 16:07:51 · answer #7 · answered by James S 1 · 0⤊ 0⤋
Click the link below, I hope this is useful :)
2006-08-07 18:48:42 · answer #8 · answered by SAM 5 · 0⤊ 0⤋
yes b.p.
which affects chevron and exon so gas will soar .
2006-08-07 16:11:57 · answer #9 · answered by Anonymous · 0⤊ 0⤋