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Guardian: BP shares slid nearly 2.5% this morning after closure of a major Alaskan pipeline that carries around 12% of America's oil output.
The Trans-Alaska pipeline system, which transports oil from the Prudhoe Bay field, was closed on Saturday following the discovery of a leak. The incident is expected to drive up oil prices, and could mean motorists face even higher costs at the pumps.
Prudhoe Bay is America's largest oil reserve. BP is the largest shareholder in the company which runs the Trans-Alaska......
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BP shuts Alaska pipeline after leak
Posted by Washington Post: Juliet Eilperin on January 10th, 2011
Posted in Water Conservation