Posted on 08/31/2005 7:39:51 PM PDT by eraser2005
FOR IMMEDIATE RELEASE For further information, call: Susan Castiglione, Senior Manager, Corporate & Public Affairs, (678) 762-2211
COLONIAL PIPELINE RESTARTS SYSTEM
August 31, 2005
Colonial Pipeline today announced that it is safely restarting its pipeline. The initial restart of Colonial's Main lines 1 and 2 is scheduled to begin within the next several hours.
Initial service restoration will provide between 25% and 35% of Colonial's normal operating capacity. Both gasoline and distillate service is included in this system restart. Colonial's first priority through all of these restart activities is the protection of public safety and the environment.
(Excerpt) Read more at colpipe.com ...
That's very good news.
This is bad news for all of those Freepers that are predicting the end of the world as we know it...
This is probably the best news I have heard all day. After reading all the "breakdown of society when we pay $3.00+/gal for gas" threads all day, I am glad to see that some progress is being made to correct this gas spike. Keep the pipeline news coming.
MJ
The skies falling... I heard it on CNN. More at 11.
The sky is falling... I heard it on CNN. More at 11.
God, I hope the speculators take it in the teeth...hard.
This is an important development for Atlanta and the East Coast.
Yep. As I said on another thread (the Atlanta gas price thread), Colonial and Plantation are HIGHLY motivated to restart the pipeline, 'cause if they don't they won't get paid!
Fortunately, some of the "experts" are truly experts and got to work instead of posting criticism of industries in which they have little or no experience.
I include myself in this criticism, so save the flames.
Now maybe Sheppard Smith can stop whining as much.
That pipeline runs across the corner of my farm here in middle TN.
More important than many would expect.
Seems as if this is the first piece of good news, the first baby steps toward "rebuilding".
We needed this...
Oil pipelines and refineries don't stop for hurricanes or civil war or anything.
There is too much money on the table for anything other than shortest possible delays possible.
Saudi oil production today is 12 million barrels per day times $70 per barrel which equals $840 million per day. Nothing, not even a muslim cleric or an OBL, would stop that kind of revenue for even a few hours.
US, New Orleans-based oil companies face the same logic.
Some folks seem to be doing a pretty good job of shutting down the pipelines in Iraq.
Can we now stop with all of the crap about a gas shortage?
Those bombed pipelines in Iraq are up and running in a few hours. The terrorists that bomb them are a little dumb however.
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