For more on the impact of the shutdown at Prudhoe Bay, we're joined by Libby Casey.
For example, back in March, when there was the biggest oil spill in Prudhoe Bay history.
And when we talk about the communities of Prudhoe Bay, they're there just for the industry.
The company said it could prove to yield more oil than Alaska's Prudhoe Bay.
Prudhoe Bay taught Browne the distinction between technical and financial success and the value of blind luck.
One is that the disasters at Texas City and Prudhoe Bay occurred before he took over.
Then the giant Prudhoe Bay field was discovered and everyone ran off to work there instead.
BP, before last year's hurricanes and its Prudhoe Bay snafu, had averaged 5% production growth since 2001.
Odd, then, that Shell shares hit a record high in the days after the Prudhoe Bay news.
It would hasten construction of a massive natural gas pipeline from Prudhoe Bay to the lower 48 states.
One analyst said today that he assumes that Prudhoe Bay could be out of action for some months now.
Boone Pickens points out, that's the size of the largest oil field the U.S. has ever had--Alaska's Prudhoe Bay.
BP's stake in the Prudhoe Bay field is only 26%, meaning that its production loss amounts to 50, 000 barrels per day.
The gas comes up with the oil pump from Prudhoe Bay, but it's been re-injected back into the ground for decades.
At present, only Harvest and BP Prudhoe Bay have hit and surpassed the 14% mark, probably because they have specific recent developments.
The rising supply in the U.S. could doom plans for a pipeline to ship gas from Canada and Prudhoe Bay to Chicago, Ineson said.
After graduating in 1969, he joined BP full time as an engineer at Prudhoe Bay in Alaska, where BP had just discovered a massive, 14-million-barrel oilfield.
We're talking about the loss here, by the way, of 400, 000 barrels of oil every day while the flow is shut down in Alaska's Prudhoe Bay oil field.
In addition, the firm had to close part of its Prudhoe Bay oil field in Alaska earlier this year, after leaks were discovered in one of its pipes.
The U.S. Navy has deployed two nuclear-powered submarines off the coast of Alaska close to a temporary camp constructed on the ice roughly 150 miles north of Prudhoe Bay.
"Three times since I joined BP there has been a terrific buzz about the company: the North Sea, Prudhoe Bay and now this, " says Adrian Clark, a technical expert in the upstream group, who joined in 1970.
Separately, in August, Alaska Gov. Sarah Palin, the former GOP vice presidential candidate, signed a bill allowing TransCanada Alaska to build a 1, 715-mile natural gas pipeline from the North Slope's Prudhoe Bay to Alberta, Canada.
Another U.S. gas hoard ripe for export is on the North Slope of Alaska, where for decades operators led by BP have been reinjecting associated gas recovered from Prudhoe Bay and other oil fields back into the ground.
"We think that the future may be sooner than some of us are considering, " Robert Hunter, president of ASRC Energy Services, which led the first major field study in Alaska's Prudhoe Bay with BP Alaska Exploration and the Department of Energy, told Petroleum News.
His final years were marred by a succession of devastating accidents an explosion at BP's Texas City refinery in 2005 that killed 15 workers and injured 170 others, and an oil spill a year later that dumped 4, 800 barrels of oil at Prudhoe Bay, on the coast of Alaska.
Browne was no doubt referring to last year's temporary closure of some operations at the Prudhoe Bay oil field in Alaska, delays to the opening of BP's Thunder Horse platform in the Gulf of Mexico, and problems stemming from the 2005 explosion at a Texas refinery that killed 15 BP employees.
"We think that the future may be sooner than some of us are considering, " Robert Hunter, president of ASRC Energy Services, which led the first major field study in Alaska's Prudhoe Bay with BP (nyse: BP - news - people ) Alaska Exploration and the Department of Energy, told Petroleum News.
In the case of BP Prudhoe Bay Royalty Trust, the RSI reading has hit 25.9 by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 38.9, the RSI of WTI Crude Oil is at 13.3, and the RSI of Henry Hub Natural Gas is presently 47.5.
In the case of BP Prudhoe Bay Royalty Trust, the RSI reading has hit 70.2 by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 54.7, the RSI of WTI Crude Oil is at 59.2, and the RSI of Henry Hub Natural Gas is presently 35.4.
In the case of BP Prudhoe Bay Royalty Trust, the RSI reading has hit 28.6 by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 41.5, the RSI of WTI Crude Oil is at 25.7, and the RSI of Henry Hub Natural Gas is presently 57.7.
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