DEMOCRATIC IGNORANCE CONTINUES TO FLOW
British Petroleum, the giant oil company known as BP, has a problem.  The   pipes running through their massive Alaska Prudhoe Bay oil field are   corroded.  Since corroded pipes are weak and could burst, the oil field has   been shut down while they replace 16 miles of pipeline.  As you might   expect, this poses a bit of a problem.  
  
 We are in the middle of the peak driving season...and any hit on supply is   going to cause prices to spike.  This is 400,000 less barrels of oil a day   on the market.  BP is going to lose money because they won't be able to   bring their crude to market like they thought.  But, for safety's sake...the   oil field is being shut down while the necessary repairs are made.  Glad   they caught it.
 
 Energy Secretary Sam Bodman says the U.S. is  prepared to release crude from   the government's oil reserve to pick up the slack.  Perhaps that's the right   move.  But as with every thing involving oil companies, Democrats are   calling on Congress to investigate.  In particular, Congressmen John Dingell   and Ed Markey are demanding government action.  They want hearings.  Oh   boy...more stimulating programming, coming to C-SPAN this fall!
 
 So what exactly are they saying?  Read between the lines.  The suggestion is   that BP let their pipes corrode on purpose, just so they could shut down the   oil field and drive up the price of crude and gasoline on purpose.  Nice   conspiracy, but the only problem is BP is probably standing to lose more   money than they could ever hope to recover by whatever short-term spike in   prices there might be.
 
 The free market works.  If BP was negligent in inspecting their pipes and   ensuring their proper operation, then they will be punished by the   marketplace in the form of a shutdown.  They will learn that it is in their   best interest to properly maintain their delivery system.  But don't tell   that to the Democrats....only the government can right the wrongs in the oil   business.   
Besides .. this is all a plot to put money in the Bush's pockets. Right?
