Mike Macgirvin
Diary and Other Rantings
Beyond Silicon Valley
   
Friday, Jul 04 2008, 04:00 pm
Aug 08, 2006
How to make lots of money

British Petroleum (BP) has apparently figured out the not-so-secret way to make lots of money.  (They also insist that there's no substance to the charges currently under investigation of manipulating propane prices. But I digress...)

Hmmm. How could you drive the price of oil right through the roof? Wait. I'm thinking... Oh, here's a way! What if you could shut down the entire Alaska pipeline for a few months? You'd be swimming in money. And so it happens. They found a couple of rust spots on an oil pipe. So they're shutting down Prudhoe Bay. Completely.  Right. Normally you would do something like this in stages - fix one section while routing through another. After all, there's more than one pipe at Prudhoe. That's how you would keep the supply chain working under adverse conditions if that was what you wanted to do. But that's not how you make lots of money. No, to do that, you have to shut off Alaskan oil completely, indefinitely, with no advance warning.

So that's what they're doing.  

Categories: rantings
Comments? | More Actions Open/Close menu
Back
brain, v: [as in "to brain"]
To rebuke bluntly, but not pointedly; to dispel a source
of error in an opponent.
-- Ambrose Bierce, "The Devil's Dictionary"