Major Alaskan Oil Field Shutting DOWN...Gas prices UP!

Major Alaskan Oil Field Shutting Down
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Aug 6, 9:18 PM (ET)By MARY PEMBERTON

ANCHORAGE, Alaska (AP) - Half the oil production on Alaska's North Slope was being shut down Sunday after BP Exploration Alaska, Inc. discovered severe corrosion and a small spill from a Prudhoe Bay oil transit line.
BP officials said they didn't know how long the Prudhoe Bay field would be off line. "I don't even know how long it's going to take to shut it down," said Tom Williams, BP's senior tax and royalty counsel.

Once the field is shut down, in a process expected to take day, BP said oil production will be reduced by 400,000 barrels a day. That's close to 8 percent of U.S. oil production as of May 2006, according to data from the U.S. Energy Information Administration.
"We regret that it is necessary to take this action and we apologize to the nation and the State of Alaska for the adverse impacts it will cause," BP America Chairman and President Bob Malone said in a statement.

Malone said the field will not resume operating until the company and government regulators are satisfied it can run safely without threatening the environment.


Gas prices in Maine where I live went up 8cents per gallon before this story hit the wires. I can’t imagine what it is going to cost for fuel oil so my family does not freeze to death this winter. God knows it cost enough to air condition my home because the air is so dirty on hot and humid days, it gets hard to breath.

I would also like to say that I am proud of how our Government has systematically failed the American people from one fiasco to another. I can only hope they act and find some kind of relief for Americans. And please don’t start another war, I can’t afford it!

Chris email me if you want!