Get a bus pass
Aug. 8th, 2006 08:05 amCascadians better buckle seatbelts - or better yet, buy a bus pass - because here's where the Alaskan oil goes (courtesy The Oil Drum):
Tankers and such are going to be re-routed, but that adds time and cost. Expect expensive gasoline and heating oil all autumn.
More on this later, of course. Always recently with the later, I am. Foo.
Puget Sound: 419,521 barrels/day (42% of pipeline total)If this has any duration - and it's still early but apparently the pipeline corrosion is more widespread and worse than initially thought, there's a hypothesis floating about out there that lower flow rates increases bacterial corrosion opportunities - then, well - it won't be good. If it isn't clear: this is the majority of the oil we use in the Puget Sound region.
San Francisco 123,870 barrels/day
Los Angeles 333,006 barrels/day
Hawaii 42,682 barrels/day
Exports 78,763 barrels/day
Source: Alaska Department of Revenue.
Tankers and such are going to be re-routed, but that adds time and cost. Expect expensive gasoline and heating oil all autumn.
More on this later, of course. Always recently with the later, I am. Foo.
no subject
Date: 2006-08-08 04:19 pm (UTC)Also, glossed over is the fact that Prudhoe Bay's production is down significantly over the last several years. "Low flow rates" mean significantly less production. Eight years ago, there was only minimal corrosion when they checked the same pipeline, possibly because flow rates were much higher then. This suggests that Prudhoe Bay is now significantly on the downside of the production curve. Some pessimists suggest that if the corrosion is bad enough the pipeline might not be reopened at all. Right now that seems alarmist, and the lack of panic in the oil markets agrees. But imagine the permanent loss of 400,000 barrels a day.
no subject
Date: 2006-08-08 04:20 pm (UTC)no subject
Date: 2006-08-08 04:25 pm (UTC)Prudhoe Bay has been in decline for several years. But in a decline environment, these supplies still matter quite a bit. The pipeline will be reopened, or at least, some form of transportation accomodation will be made.
no subject
Date: 2006-08-08 04:24 pm (UTC)no subject
Date: 2006-08-08 05:29 pm (UTC)So what happened here? Why weren't those devices working? Something isn't right here, or we're not being told the whole story.
no subject
Date: 2006-08-08 08:52 pm (UTC)OTOH, the company running this line has had issues in the recent past, so they may well have really fucked things up and are trying to cover for it. Presumably we'll find out more over the next few weeks.
no subject
Date: 2006-08-08 10:58 pm (UTC)no subject
Date: 2006-08-09 02:54 pm (UTC)Oh well, sucks to be us. It's only .6% of world production. We'll notice, but the rest of you probably won't - not even in LA. It'll get lost in the noise unless something else happens.