400,000 Barrels per day

BP is shutting down it's Pruhdoe Bay production in Alaska to refit the pipeline.

News of the shutdown of Alaska's Prudhoe Bay plant, which BP said was due to pipeline corrosion, lifted the price of crude oil for September delivery by around one dollar to $75.75 in Asian trading this morning. The market has also been affected by the continuing violence in the Middle East.

BP, already part of a criminal probe into a much bigger Alaskan pipeline rupture in March, was unable to estimate when output might resume at Prudhoe.

So 400,000 barrels per day will go off line and we don't know when they'll be back. That's 8% of total US production. Katrina shut down 1% and look what happened to prices then.

As Whoopi Goldberg would say, girl, you in trouble.