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NYMEX Crude Oil (Light) ........................121.20 5.64 NYMEX NYH RBOB Gasoline (Globex) ...... 3.0421 .1318

Don’t worry, just a little bump - $70 is just around the corner. Short traders just keep making those margin calls, mortgage the house if you have to. Fortunes await you! PO is for pansies and doomers. At $70 short some more ..... it is going back to $22 .... the world is awash with oil ........ reality has nothing to do with it, its all in those charts!!!!!!!!!!

SELL SELL SELL

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Pipeline Fire Traced to Pinhole Leak
Production; Extraction; ExplorationCLEARBROOK, Minn. (AP) - An oil pipeline explosion that killed two workers and caused a spike in oil prices can be traced back to a pinhole leak first repaired three weeks ago, the company said.

The fire was extinguished Thursday morning, and oil prices ended the day just slightly higher after it became clear that the Enbridge Energy pipeline would come back on line quickly.


Enbridge spokesman Larry Springer said Friday that workers were trying to remove leaked oil from around the pipeline. Once that's done it can be repaired.

He said the company still hoped to have the pipeline fixed within a few days, and that it was running at 80 percent of capacity in the meantime.

AP

Posted on Friday, November 30 @ 13:43:11 PST by Leanan
 
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