You thought $3/gallon sucked

British Petroleum shuts biggest US oilfield "indefinitely"...

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NEW YORK (CNNMoney.com) -- In a blow to drivers already struggling with high gasoline prices, BP was forced to shut about 8 percent of the nation's domestic oil production after discovering "unexpectedly severe corrosion" in its pipelines in Alaska.

BP announced early Monday that the pipeline problems had caused it to begin the first shutdown ever in the biggest oilfield in the United States, Alaska's Prudhoe Bay. (Video:BP spokesman comments)

Oil futures, already near record highs hit in July, shot higher on the announcement, and gasoline futures also rose.

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:(

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Originally Posted by altiain

"unexpectedly severe corrosion"

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:confused:

and yet if you read other articles, they've been fighting with inspectors about these corroded pipes since they 1st failed inspections back in March....

But hey.. if you're going to take them down, you might as well do it during the summer so you can push the price of oil just a bit higher...