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The Merc Gets It Right.
Mercury News: Pipeline Fiasco "Highlights Need for Alternative Fuel"
Because of BP's inattention or dereliction of their pipeline in Alaska, California’s oil supply was seriously at risk. BP (formerly British Petroleum and now jocularly called “Big Problems&rdquo said the pipeline problem was “unexpected.” But The Financial Times of London reported that company whistle-blowers had warned for years that BP was not doing enough to maintain and monitor the condition of the pipeline. They had reported this to Congress in 2002.
The San Jose Merc summed it up this way:
“Whether a dime or a dollar, the latest fluctuations will be a reminder that California's oil prices are vulnerable to political crises, market pressures and, now, metal fatigue. Voters should consider this as they debate Proposition 87, which would tax California's oil producers to fund oil-free, alternative energy technologies.”
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