Mon, 07 Aug 2006

Alaska pipeline closed

Well, ain't this peachy! We'll have European prices at the pump before too long, now, and an economy that'll head for the tank right before winter. I wonder what heating oil/gas prices will do this year?

And I wonder if I've been stupid - the co-op offered "locked in" pricing on LP gas this year, but you had to go on the budget plan to get it. We didn't because, well, cash flow is such that it'd be problematic around here. We figured it'd be better to buy in bulk net 30 when we need it. It's worked out for us in the past.

But now, who knows? And what about the co-op (and the other businesses that essentially offered the same deal? If they're paying $3 a gallon and selling that same gallon on contract for $2, how long can they stay in business?

All this reminds me of that ancient Chinese curse: May you live in interesting times.

In a blow to drivers already struggling with high gas prices, BP shut down the biggest oilfield in the United States, cutting off about 8 percent of the nation's oil supply. BP said it had found "unexpectedly severe corrosion" in the pipeline in Alaska's Prudhoe Bay. The U.S. Energy Department will consider loaning emergency supplies to refiners caught short of supply, a spokesman said today.

(link) [CNN.com]

/Politics | 1 writeback | permanent link

On 8/7/2006 21:10:06
Stephen Williamson wrote

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