*Update: So far, so good

A survey of gas statons by the AAA found that prices remained steady, even on the West Coast. Meanwhile, the cutoff in supplies might not be as large as originally feared. Energy Secretary Samuel W. Bodman said it was possible that the western half of Prudhoe Bay could keep operating, though the eastern half would probably have to be shut down because of corrosion problems in feeder pipelines. (Expect this story to take several twists and turns before they can figure out what's going on.)

*Update: The Financial Times is reporting that BP executives were told of widespread corrosion at the Alaska field two years ago. Chuck Hamel, an advocate for BP workers in Alaska, took the charges to Walter E. Massey, chairman of the environment committee of BP's non-executive board. Obviously, the response was less than swift.


More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAX
Socal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
Recent stories:
Siri versus Hawaiian pidgin (video)
Letter from Down Under: Welcome to the Homogenocene
One last Florida photo
Signs of Saturday: No refund
'I Am Woman,' hear them roar

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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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