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Originally Posted by fotze
Ya thats what I was referring to. It will cost money so that means this wasn't a conspiracy by BP to raise the oil price.
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Or perhaps they're using this to fund the pipeline repairs? Knowing they had to do this they figured a nice scary press release like this jack the price up a couple dollars a barrel. That way all their existing supplies get a bonus while they upgrade the line that needed work anyways. Either way they were looking at losing access to that line at somepoint in time. Now they've ensured that their other lines will make more money while this one is shut down. Plain and simple they're fataing with the consumer to see just how much we will pay for gas!!!
They keep raising prices and we keep consuming. Until we figure out how to consume less the price of oil isn't comind down.