BP advertises itself as "Beyond Petroleum" for a reason

advancedatheist

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I've run across the speculation that BP shut down Prudhoe Bay because the output of the field has declined to the point that the company can't push enough oil through the current pipeline at an adequate pressure level. BP plans to replace the old pipeline with one of a smaller diameter to handle the reduced flow.

This ties in with Peak Oil theories that the oil companies really know they can't meet or sustain the current world demand for 1,000 barrels of oil a second, so they have begun to retrench, quietly.
 
Isn't it known how much oil moves through the pipeline?
 
advancedatheist said:
I've run across the speculation that BP shut down Prudhoe Bay because the output of the field has declined to the point that the company can't push enough oil through the current pipeline at an adequate pressure level. BP plans to replace the old pipeline with one of a smaller diameter to handle the reduced flow.

This ties in with Peak Oil theories that the oil companies really know they can't meet or sustain the current world demand for 1,000 barrels of oil a second, so they have begun to retrench, quietly.
Click to expand...

The oil companies know there isn't an infinte supply of oil and they want to make sure they're still able to make money when it runs out. This means not panicking the public until in a position to provide an alternative while milking the remainder of the oil market for all it's worth. No conspiracy is needed, it is simply corporate sense.
 
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