Wednesday, August 09, 2006

Alaska in Oil Dire Straits Over BP Shutting Down Pipeline

Alaska is losing over $6 million per day due to BP's shutting down of the trans-Alaskan pipeline. Not only are we (consumers) getting pounded by the shutdown (Alaska produces about 8% of our oil), but Alaskans are taking it in the shorts. Can you imagine expecting, say, $180 million this month, and getting $0?