Threats to nation's energy supply includes corrosion

ByRod Adams

Here is a story that I have difficulty telling better than the original source. Today’s article in Bloomberg.com titled Oil Surges Above $76 as BP Shuts Alaska Field, Largest in U.S. is a litany of the current threats to the US oil supply. It should be a cause of grave concern for all of us that spend a good portion of our time in automobiles getting back and forth to work and other non optional endeavors.

The big news is that Prudhoe Bay, the source of 400,000 barrels per day, nearly 8% of the total US oil production, will be shut down over the next few days to respond to a leak in the Alaskan Pipeline. The leak was not large, but the subsequent tests conducted on the pipeline must have revealed some substantial areas of concern in order to cause BP to decide to shut down the entire field. At current prices, the field should produce more than $30 million per day in revenues.

Rod Adams
Rod Adams

Rod Adams is Managing Partner of Nucleation Capital, a venture fund that invests in advanced nuclear, which provides affordable access to this clean energy sector to pronuclear and impact investors. Rod, a former submarine Engineer Officer and founder of Adams Atomic Engines, Inc., which was one of the earliest advanced nuclear ventures, is an atomic energy expert with small nuclear plant operating and design experience. He has engaged in technical, strategic, political, historic and financial analysis of the nuclear industry, its technology, regulation, and policies for several decades through Atomic Insights, both as its primary blogger and as host of The Atomic Show Podcast. Please click here to subscribe to the Atomic Show RSS feed. To join Rod's pronuclear network and receive his occasional newsletter, click here.

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