DivaJood has covered more than one thing that has caught my attention. I see talent here, and I hope you will go back and check some of the post there. I see dissent, and I like it.
It’s August. British Petroleum has announced they’re shutting down their oil production from Prudhoe Bay while they repair 70% of corroded pipeline covering a 20 mile stretch. Prudhoe Bay Oilfields supply about 20% of the oil to California refineries. Back in March, after an oil spill, BP was ordered by the US Government to inspect the pipes and they are under Grand Jury investigation over pollution.
Traders in New York’s oil market got nervous over the closures, and the cost of crude jumped to almost $77 a barrel. That will affect prices at the pump (love my hybrid). Could the price of gas go over $4 a gallon? Hmmm.
The War in Iraq has now exceeded $300,000,000,000 which is more that I can actually say out loud. The war in Iraq is about control of oil. BP has not said how long the repairs to the pipeline will take, nor when they will re-open.
Timing is everything.