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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Rarebird who wrote (37730)	7/25/1999 3:51:00 AM
From: Hawkmoon	Respond to of 116764

eia.doe.gov eia.doe.gov TRANS-PANAMA PIPELINE If transit were halted through the Canal, the Trans-Panama pipeline (Petroterminal de Panama, S.A.) could be re-opened to carry oil in either direction. This pipeline is located outside the former Canal Zone near the Costa Rican border, and runs from the port of Charco Azul on the Pacific Coast (near Puerto Armuelles, southwest of David) to the port of Chiriqui Grande, Bocas del Toro on the Caribbean. It was opened in October 1982 as an economical alternative to the Panama Canal for transporting Alaskan oil across Panama en route to Gulf Coast ports. Transit time from Alaska to the U.S. Gulf Coast via Panama is about 16 days, whereas a tanker would take 40 days to reach the Gulf Coast from Alaska if rerouted around Cape Horn (the southern tip of South America). More than 2.2 billion barrels of Alaskan crude oil has been transported through the 81 mile long pipeline. However, the 860,000 bbl/d pipeline was closed in April 1996 after Alaskan oil shipments to the Gulf Coast declined with falling Alaskan oil production and increased oil consumption on the west coast of the United States. In addition, the decision to allow Alaskan oil to be exported outside the U.S. reduced the incentives to ship Alaskan oil to the Gulf Coast. Also, Rarebird... It was determined long ago that the Canal was practically indefensible and could be easily sabotaged by a willing party. I don't like the Chinese being in control any more than anyone else, but they have been financially involved in Panama for some years already. If thats who the Panamanian gov't want to become involved with, more power to 'em. Regards, Ron