It seems that the corrosion on that BP pipeline is worse then they thought it would be.
BP PLC said it will have to replace most of the 22 miles of so-called transit pipeline at Prudhoe Bay, which produces about 2.6 percent of the nation's daily supply, or about 400,000 barrels a day.
That should move Oil Prices higher in the near term. I wonder if we are going to tap the Petroleum Reserve to make up for that 2.6 percent shortfall?
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