Liberalism: Do You Agree We've Had Enough of It? Message Board

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Politics : Liberalism: Do You Agree We've Had Enough of It?

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To: Kenneth E. Phillipps who wrote (124430)	2/20/2012 1:52:52 PM
From: Hope Praytochange	2 Recommendations of 224748

BP (BP) yesterday idled output at its 225K bpd Cherry Point refinery in Washington state following Friday's fire at the plant. With the installation accounting for 8.7% of crude refining capacity on the West Coast, the production suspension could cause fuel prices to rise $0.15 to $0.50 a gallon this week in the region. Prices already being felt with $4.93 in Los Angeles today. The world’s top oil exporter, Saudi Arabia, appears to have cut both its oil production and export, according to the latest update by the Joint Organizations Data Initiative (JODI), an official source of oil production, consumption and export data. The OPEC heavyweight saw production decline by 237,000 barrels per day (bpd) , the JODI data showed on Sunday. The draw-down was sharper for the actual amount exported, declining by 440,000 bpd, or 5.6 percent, to come in at 7.364 million bpd, the data also showed.

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