There go oil prices again

[whell]

Originally Posted by merrylander

Drilling in Anwar would be a mistake if for no other reason than the weather. It is so bloody unpredictable that in the event of a spill it could be days before you could get anything in there.

The number of plane crashes there should tell you something.

I see they had to shut down the BP maintained pipeline recently, wonder why?

BP doesn't maintain it, do they? I thought a local (Alaskan) company did. Anyway, that pipeline, and many others, shut down from time to time when leaks are discovered, or for maintenance. I think I heard that it was shut down for a few days, but is back up and running now.

In this area, a unique gasoline formulation is required for use in the summer months (by EPA regs). A single pipeline feeds it from a remote refinery to distributors in this area (brilliant planning and execution). A couple years back, that pipeline was shut down for a few weeks, and gas prices spiked to crazy levels.

Speaking of remote, here's Prudhoe Bay: