August 07, 2006
Prudhoe Bay oil field shutdown [ News ]
Oil Surges Above $76 as BP Shuts Alaska Field, Largest in U.S. - Bloomberg.com
Apparently this field is responsible for about 8% of US domestic crude oil production.
Hurricane Katrina, by comparison, took about 10% of US domestic crude oil production offline. It also caused significantly greater damage to refinery capacity along the Gulf Coast, but the Prudhoe Bay shutdown may have a comparable effect on crude oil (and thus gasoline) prices.
Posted by edobbs at August 7, 2006 09:02 AM
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