BP may reverse U.S.-Canada pipeline
According to the Associated Press, BP PLC recently said it will consider reversing a pipeline to deliver Canadian crude oil to Oklahoma and would offer discounted capacity to shippers willing to make long-term contracts. The 600-mile pipeline could be flowing southbound by mid-2009, BP said, and would transport light Canadian crude oil to Cushing, Okla., a major oil hub -- provided shippers show adequate interest in the project. BP expects the pipeline to have capacity to carry 100,000 barrels per day. Future expansions could boost daily capacity to 200,000 barrels.