Posted on 11/29/2007 1:00:05 AM PST by Royal Wulff
NEW YORK (Reuters) - Enbridge Inc (ENB.TO: Quote, Profile , Research) has shut down four of its main pipelines that supply over 2 million barrels per day (bpd) of Canadian oil to the U.S. Midwest due to an explosion and a fire in Minnesota, the company said on Wednesday.
(Excerpt) Read more at investing.reuters.co.uk ...
Oh Great...
Accident or Sabotage?
Either way, I wish I had topped off the tank on the big truck yesterday.
If it is down for a week, major problems for midwest.
The article gives no details, but Canada's ability to supply us appears to be cut in half for an indefinate time, and two workers are missing.
Not good.
Gas $3.10 in SE Michigan now. Probably $3.50 by next weekend. $4.00 in Spring when they shutdown the refineries to switch over to Summer blend. IMHO
Thanks for posting. Interesting.
Accident caused by a leak, apparently.
Posted here at 8:30pm PST:
http://www.freerepublic.com/focus/f-news/1932092/posts
Thanks.
Still ..
Not good.
Been following oil speculation long??
The headlines come out that the market is saturated with oil and thus prices drop.
After going down, a crisis somewhere happens and crude skyrockets. This is predictable as sunrising and setting. And, this MSM will declare this an accident.
No kidding. It seems that every time a screw falls off of an oil platform somewhere, the price of gas rises by 50 cents a gallon.
Accident? Terrorism?
How timely!
Fire at Major US Oil Pipeline Kills 2
Prayers for them.
More extortion on the way ...
SO true because NYMEX wholesale gasoline had dropped over 25 cents per gallon the last 4 days. “An awful convenient accident”, IMHO for them greedy speculators. They can cut the pipe and go around the fire with a new temporary section of pipe if they want in about 5 days. Shouldn’t need more than 1 mile of pipe to do it.
Because oil is stored in company stations along the line and at refineries, the pipelines could be shuttered for several days without causing disruptions in oil supplies to the Midwest, she said.
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