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Oil prices surge after Midwestern pipeline is shut down; con

Star Tribune - Minneapolis/St Paul, Minesota -- Oil prices surged Friday after a pipeline that delivered oil to Midwest refineries was shut down, raising questions about how long the supply may be disrupted.

Benchmark oil for October delivery rose $2.20 to settle at $76.45 a barrel on the New York Mercantile Exchange.

Enbridge Energy Partners LP closed the pipeline Thursday afternoon after it began leaking in suburban Chicago. Spokeswoman Terri Larson said there is no time frame yet on when it will reopen.

She said the site is contained and crews hope to begin excavation around the pipe later Friday.

The pipe carried about 670,000 barrels per day from Superior, Wis., to Griffith, Ind.

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Submitted Sep 10, 2010 By: IMLURCH

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SAVEITIL Champion Author Chicago Posts:2,935 Points:702,540 Joined:May 2009	Message Posted: Sep 12, 2010 1:55:52 AM Ignore SAVEITIL Report Abuse Up about .30 in 1 day here.
remay Champion Author Houston Posts:4,696 Points:1,654,720 Joined:May 2006	Message Posted: Sep 11, 2010 4:08:53 PM Ignore remay Report Abuse Noted (again!), as it was already posted: Oil price surges after Midwest pipeline shuts down Submitted Yesterday By: suportoffroad30
Night Owl Champion Author Toronto Posts:5,260 Points:1,332,650 Joined:Jul 2004	Message Posted: Sep 11, 2010 9:43:16 AM Ignore Night Owl Report Abuse Greedy oil speculators are just making excuses to raise oil prices.
RadarIN Champion Author Indiana Posts:2,713 Points:594,470 Joined:Mar 2009	Message Posted: Sep 11, 2010 8:52:00 AM Ignore RadarIN Report Abuse My gas tank has been full for over a week now. :)
JimTee Champion Author Tampa Posts:2,322 Points:1,189,725 Joined:Apr 2006	Message Posted: Sep 11, 2010 7:57:14 AM Ignore JimTee Report Abuse This is all just speculation and a chance for big oil to make more profits.
Martinman Champion Author Mississippi Posts:11,746 Points:1,658,215 Joined:Sep 2005	Message Posted: Sep 11, 2010 7:34:15 AM Ignore Martinman Report Abuse REPOST !
Jeff4U Champion Author Atlanta Posts:5,960 Points:1,384,595 Joined:Nov 2004	Message Posted: Sep 11, 2010 1:50:26 AM Ignore Jeff4U Report Abuse Now we're stuck with $76.39 crude for the weekend, up nearly $3.00 since Monday. What can you do? Grin and bear it. Yes REMAY, reposted articles seem to be in an uptrend lately.
SAVEITIL Champion Author Chicago Posts:2,935 Points:702,540 Joined:May 2009	Message Posted: Sep 11, 2010 1:05:36 AM Ignore SAVEITIL Report Abuse Like prices are not high enough.
NekoSJG Champion Author San Jose Posts:3,225 Points:569,730 Joined:Jun 2010	Message Posted: Sep 11, 2010 12:39:38 AM Ignore NekoSJG Report Abuse Sounds like a easy one to fix - over reaction?
playtimeCLE Champion Author Cleveland Posts:5,898 Points:1,091,400 Joined:Nov 2008	Message Posted: Sep 10, 2010 11:50:49 PM Ignore playtimeCLE Report Abuse How many oil leaks can we have in one year?
granitestater Champion Author New Hampshire Posts:6,309 Points:1,017,395 Joined:Oct 2008	Message Posted: Sep 10, 2010 11:37:08 PM Ignore granitestater Report Abuse At least, it didn't catch fire.
remay Champion Author Houston Posts:4,696 Points:1,654,720 Joined:May 2006	Message Posted: Sep 10, 2010 5:20:33 PM Ignore remay Report Abuse Uh... how is this different than: Oil price surges after Midwest pipeline shuts down Associated Press Submitted Today By: suportoffroad30