[Evltre]

wow - that's major! Looks like oil will be making back those $$ pretty quickly!

[KevO]

on the BBC
$this->bbcode_second_pass_quote('', 'P')ipelines from Canada carry about 1.9 million barrels of oil per day.

The closure has halted about 20% of US oil imports and US crude prices rose $1.65 to $92.27 a barrel.

The incident has reversed some of the recent price falls caused by the smaller than expected drop in US oil stockpiles.

"My initial impression is that (this) will put a halt to the slide in oil prices and put us back on the march towards $100 a barrel," said Mark Pervan, senior commodities analyst at ANZ.

"The timing is pretty bad. We are coming to the strongest demand period for crude with the approach of the northern winter."

Canada is the biggest supplier of foreign crude oil to the US and nearly all of it is delivered along Enbridge's pipelines.

[KevO]

$this->bbcode_second_pass_quote('Drifter', '[')b]**BREAKING NEWS**

1/5 (9%) of all US oil cut off after explosion!

[idomar]

Does this mean that effectively the PRODUCTION of 2m barrels per day will need to be shut down too for as long as the pipeline is out of action?

I assume that there is a certain amount of storage capacity but is there enough to cope with this?

Will this force OPEC to say that they will cover the loss in production?

Interesting time ahead, feel kinda sorry for the families of the 2 guys that died though

[IslandCrow]

$this->bbcode_second_pass_quote('KevO', 'D')rifter, you need to change the header. A 1/5 is 20% not 9% regardless of what country you are in!

[Barbara]

It's 20% of oil from Canada but 9% of all US imports.

[wisconsin_cur]

I'll be looking forward to reading the details of the investigation. To cause a fire that will burn for days and to knock out production for an undetermined amount of time... sounds like someone intended to do something rather than an accident.

Still nothing on CNN though?

wait and see I guess, wait and see

[KevO]

Boys and Girls.
Be you American or European. Get dressed and go fill everything you've got.

.

[KevO]

$this->bbcode_second_pass_quote('Drifter', '')$this->bbcode_second_pass_quote('Barbara', 'I')t's 20% of oil from Canada but 9% of all US imports.

[KevO]

$this->bbcode_second_pass_quote('Drifter', '')$this->bbcode_second_pass_quote('Barbara', 'I')t's 20% of oil from Canada but 9% of all US imports.

[idomar]

$this->bbcode_second_pass_quote('Drifter', '
')
Looks like those affected gasoline refineries might be sitting idle fairly soon, and who knows for how long. Not good news at all.

[wisconsin_cur]

And it is cold up here.

I'm guessing LP prices (a refinery by-product) will shoot through the roof also.

This will make things a little interesting.

Do you think we northerners can get more federal money now?

[KevO]

$this->bbcode_second_pass_quote('idomar', '')$this->bbcode_second_pass_quote('KevO', '"')]

Boys and Girls.
Be you American or European. Get dressed and go fill everything you've got.

[wisconsin_cur]

here is a map of the various pipelines and their capacities.

[KevO]

$this->bbcode_second_pass_quote('Drifter', '')$this->bbcode_second_pass_quote('KevO', '')$this->bbcode_second_pass_quote('idomar', '')$this->bbcode_second_pass_quote('KevO', '"')]

Boys and Girls.
Be you American or European. Get dressed and go fill everything you've got.

[mgtser]

guys is she bullshiting or shes telling the truth
if she's telling the truth then its not that bad

http://www.chron.com/disp/story.mpl/nation/5337819.html
Denise Hamsher, a spokeswoman for Houston-based Enbridge Energy, confirmed late Wednesday that the workers who died were employed by the company. Their names were not immediately released.

The pipeline that leaked and four others were shut down, though it wasn't clear for how long, Hamsher said. 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.

[MD]

Well well....good morning!

[idomar]

$this->bbcode_second_pass_quote('KevO', '
')
Thing is it's 10.36am right now in the UK, 11.34am in Europe therefore it's still only 05.34 on the East Coast and 02.34 on the West so America is still asleep. I estimate the time to take the deck chair is in about 4 to 5 hours time. Europeans will take their panic cue from the US so our show will start about 5 or 6pm GMT !

[KevO]

$this->bbcode_second_pass_quote('mgtser', 'g')uys is she bullshiting or shes telling the truth
if she's telling the truth then its not that bad

http://www.chron.com/disp/story.mpl/nation/5337819.html
Denise Hamsher, a spokeswoman for Houston-based Enbridge Energy, confirmed late Wednesday that the workers who died were employed by the company. Their names were not immediately released.

The pipeline that leaked and four others were shut down, though it wasn't clear for how long, Hamsher said. 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.

[pup55]

The frequent viewers of PO.com are well aware that this particular part of the country is the very worst in terms of inventory condition right now.

Supplies of heating oil in this region are already way low. Unleaded is also way below the historical low inventory levels.

There are other pipelines that feed into this area from the gulf coast, so there will be some disruption, but at some point the system will adjust to compensate.

There are a lot of refineries around the Chicago area, plus one up in North Dakota that may take some flak from this.