Fire Shuts Key Canada-U.S. Pipeline

Fire Shuts Key Canada-U.S. Pipeline

news.yahoo.com

An explosion crippled the main pipeline supplying Canadian crude to U.S. Midwest refineries on Wednesday, forcing operator Enbridge to halt nearly a fifth of U.S. imports and sending crude prices as much as $4 higher.

One of the set of four lines will require repairs and regulator inspections, while the largest is "not likely" to start up any time soon, Larry Springer, a spokesman for Calgary, Alberta-based operator Enbridge Inc (ENB.TO), said on Thursday.

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Well, it looks like gas prices are fixing to get even higher than they have been thanks to this little "accident".

The article stated that at this time they did not know the cause of the explosion, but did state that two employees did die in the blast. They had been sent to check out reports of a leak in the pipeline.

These pipelines supply 62 percent of the crude refined in the Chicago area and 82 percent of Ontario's demand. The article doesn't mention when any of the pipelines will be back on line.


news.yahoo.com
(visit the link for the full news article)