Alaska Pipeline in Danger of Freezing Up
Another piece of good news from the Obama Department of Unintended Consequences. Reduced oil being pumped from Prudhoe Bay ( it has dropped by about half from its peak ) is creating a risk that the Alaska Pipeline will freeze up.
When running at or near full capacity, the pipeline actually generates heat. The local caribou actually rub against it for warmth. However, production at Prudhoe Bay is declining and failure to drill in surrounding areas ( including ANWR) has not created any new production to take up the slack. Underutilization of the pipeline during the winter months has created a genuine risk that the pipeline will freeze and NOTHING will be able to flow.
If that ever happens, watch oil return to its record high of $150 a barrel.
Re: Alaska Pipeline in Danger of Freezing Up
Very little of that oil comes to the US anyway, in 80's and 90's it almost all went to Japan these days it almost all goes to China.
Re: Alaska Pipeline in Danger of Freezing Up
That may very well be.The fact remains that if the pipeline freezes up and nothing can flow then the overall world supply goes down. Decreased supply with steady demand = higher prices. Right ?
Re: Alaska Pipeline in Danger of Freezing Up
Link please? I read an article this morning saying they were running 2/3 normal flow through to prevent freezing after an 80 hour shutdown to fix a leak, but how is this Obama's fault?
Re: Alaska Pipeline in Danger of Freezing Up
Quote:
Originally Posted by
Dirty Ernie
Link please? I read an article this morning saying they were running 2/3 normal flow through to prevent freezing after an 80 hour shutdown to fix a leak, but how is this Obama's fault?
My bad. The state of the pipeline is not necessarily Obama's fault. Failure to "drill, drill, drill " is his fault. We should be drilling in ANWR and the moratorium on Gulf drilling should be lifted.
What state in the U.S. has the LOWEST unemployment ? North Dakota at 3.3 %.
What is their major industry ? OIL DRILLING. Most of it on PRIVATE land i.e. Uncle Sam does NOT get a cut.
Re: Alaska Pipeline in Danger of Freezing Up
Quote:
Originally Posted by
Dirty Ernie
Link please? I read an article this morning saying they were running 2/3 normal flow through to prevent freezing after an 80 hour shutdown to fix a leak, but how is this Obama's fault?
My bad. It was reported on Kudlow's CNBC program Wednesday night.
The state of the pipeline is not necessarily Obama's fault. Failure to "drill, drill, drill " is his fault. We should be drilling in ANWR and the moratorium on Gulf drilling should be lifted.
What state in the U.S. has the LOWEST unemployment ? North Dakota at 3.3 %.
What is their major industry ? OIL DRILLING. Most of it on PRIVATE land i.e. Uncle Sam does NOT get a cut.