Word: alaskas
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...price of oil jumped $2 a barrel on Monday, past its record $77 close, on word that British driller BP would shut down its field at Alaska's Prudhoe Bay because of corroded, leaky pipes. Immediately, analysts predicted a 3- to 5-cent spike in the price of gasoline, and a ripple effect that could push up prices on everything from airline tickets to petroleum products like plastics. Ten years ago, the markets would have hardly batted an eyelash at the loss of Prudhoe Bay, which accounts for less than 2% of daily U.S. oil consumption. But with production...
...OPEC, the energy cartel that supplies a quarter of the oil consumed in the U.S., said it will sell more to make up for the Alaska shortfall, and the Department of Energy is figuring out if the government should tap its strategic reserves, which would start to kick in within a day or two. But those promises did little to allay oil traders, who frantically anticipate other potential supply disruptions in geopolitically strained locales from Nigeria to Venezuela to Iran. "We have problems all over the place," says Phil Flynn, senior market analyst and vice president at Alaron Trading...
FRANK AND LISA MURKOWSKI When Frank Murkowski was elected Governor of Alaska in 2002, he chose a fellow Republican--his daughter Lisa--to fill his U.S. Senate seat...
...miles 350 miles 800 miles 900 to 1,200 miles 3,000 to 3,700 miles PAYLOAD 2,200 lbs. 2,200 lbs. 1,650 lbs. 1,700 lbs. 2,200 lbs. POSSIBLE TARGETS Parts of South Korea South Korea, parts of Japan South Korea, most of Japan Japan Alaska, parts of Hawaii...
...what Pentagon officials call "a thin line of defense" that's equal parts James Bond and Rube Goldberg. There are 11 interceptors ready to launch from silos in Alaska and California, cued to their targets by arrays of satellites and shipboard sensors all linked through a Colorado command center. The Pentagon wants 48 interceptors by 2011, including 10 in Europe - the Czech Republic and Poland are likely sites - oriented toward any threat from Iran. While the system generally isn't on full alert - meaning ready to fire its interceptors - Pentagon officials said last week the system had been cranked...