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Fire shuts main Canada-U.S. crude oil pipeline [View All]

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Newsjock Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Nov-29-07 12:44 AM
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Fire shuts main Canada-U.S. crude oil pipeline
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Edited on Thu Nov-29-07 12:45 AM by Newsjock
Source: Reuters

NEW YORK — A fire and explosion in Minnesota on Wednesday forced Enbridge to shut most of the main pipeline that supplies Canadian crude to Midwest refineries, halting nearly a fifth of U.S. imports and sending prices up $1.

Two Enbridge employees were killed in the explosion and fire, the company said in a statement. A spokeswoman for the county said the fire could burn for another three days.

... Canada is the biggest supplier of foreign crude to the United States, accounting for almost one-fifth of its over 10 million bpd of imports, government data show.

Nearly all of that is delivered via the Enbridge system.

... It supplies 62 per cent of the crude refined in the Chicago area and 82 per cent of Ontario's demand, according to the website of U.S. arm Enbridge Energy Partners L.P

Read more: http://www.theglobeandmail.com/servlet/story/RTGAM.20071129.wenbridgefire1129/BNStory/energy/home
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