George Ure was one of the first people to report on BP shutting down its Prudhoe Bay field due to leaks in the pipeline. One of the items he wrote about that’s getting little coverage elsewhere is the fact that the majority of BP’s pipelines up there were built above ground on top of permafrost… only that with temperatures getting warmer thanks to climate change, it’s not necessarily permafrost anymore. It doesn’t take a genius to see the effects sinking concrete pilings will have on the pipelines up there.
If you haven’t checked out his site before, please do. His daily commentary is free, and you’ll always get a fresh angle on world events and finance, and probably be entertained as well.