A blast in a pipeline between the US and Canada ordain cut about one-fifth of the oil flowing into the US.
"the fire has put an estimated 1.9 million barrels a day of oil out of service. "
The news moved crude oil prices up $3.61 to $84.23.
LETS SEE... IF WE'RE AS DEPENDENT ON FORIEGN OIL AS THE OIL COMPANIES AND CONGRESS ( THEIR PAID LACKEYS) WOULD HAVE US BELIEVE. THEN 1/5 OF THE SUPPLY SHOULD BE ABOUT 20 BARRELS.... FUNNY HOW THE be GOES UP WHEN IT'S IN BIG OIL'S advance... BY THE WAY... THEY SET THE blast THEMSELVES BECAUSE THEY GOT CAUGHT WITH INVENTORIES TOO HIGH YESTERDAY. WHEN THEY ANNOUNCED THE PRICE DROP YESTERDAY. I HAD PREDICTED A REFINERY EXPLOSION TO GET THE PRICE BACK UP. I WAS WRONG... BUT.... PRESTO.... A PIPELINE FIRE.... HOW CONVENIENT IS THAT...???
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