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Why Is Exxon Taking Its Time Restarting Its Ruptured Dilbit Pipeline? http://apocadocs.com/s.pl?1382363252
In the six months since an ExxonMobil pipeline unleashed Canadian oil in an Arkansas neighborhood, nearby residents have had much to endure -- the muck and stench of heavy crude, lengthy evacuations, sickness and economic loss... Exxon, meanwhile, is not pressing to restart the line. Even though the lengthy outage is costing the company as much as $450,000 a day in lost revenue -- totaling as much as $90 million so far -- Exxon is proceeding slowly, conducting additional tests and digging down to the pipeline in places to assess its condition.
That caution could reflect fears that the Pegasus problems might be systemic and costly to solve. But analysts say Exxon also is mindful that additional leaks could sink its chances of salvaging the line for good and also undermine public support for new pipeline projects such as the controversial Keystone XL.
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[Read more stories about:
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