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Oil Industry / Alaska Pipeline / BP #839361

CBS Evening News for Monday, Aug 07, 2006
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(Studio: Harry Smith) Crude oil prices cited.

(Los Angeles: Bill Whitaker) BP's decision to shut down its oil operations in Alaska due to corrosion in the Prudhoe Bay lines featured; details given of BP’s recent troubles. [BP America, Inc. president Robert MALONE†- apologizes for the impact on our nation and the state of Alaska.] [Energy Intelligence Group president Tom WALLIN†- notes the huge impact for the West coast.] [Representative Edward MARKEY†- suggests BP was trying to save money while recording record profits.] How the problem was discovered discussed.

(Studio: Harry Smith) Average gas price cited.

(Washington: Bob Orr) The impact of the BP shutdown on gasoline prices examined; prices after Hurricane Katrina & after the loss of Alaskan crude compared. [SUV DRIVER – reacts to high prices.] [Alaron Trading oil analyst Phil FLYNN†- notes the impact on oil prices of the tense situation in Iran.]

Smith, Harry;
Whitaker, Bill;
Orr, Bob

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