The clock is ticking on this pipeline. Unless major development of new oil sources occurs on the North Slope, this pipeline will shutdown within the next ten years, possibly much sooner. Think about that when cashing your BPT dividend checks. What value will BPT have if the pipeline shuts down ?
If they decide as somebody suggested to run a new 20" pipeline which would have approximately 20% of the original pipeline's capacity this could be done rather fast. Half the pipeline is above ground and the support structure is already in place being used by the original pipeline. With good planning this could be done in a year.