healthmyths
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- Sep 19, 2011
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Cushing, OK stores more than $4.1 billion in oil
New oil has swelled Cushing's storage capacity to about 65 million barrels, up from about 26 million barrels in 2005.
Another 125 tanks are planned or are under construction in the central Oklahoma city.
Cushing, OK stores more than $4.1 billion in oil | News OK
And it is only a matter of time being in "tornado alley" it will be hit.
Oh one other major value of Cushing...
Crude Oil (WTI) is one of 4 oil commodity locations used in pricing of oil as a commodity.
I have no idea what the affect on oil prices would be if part or all of Cushing's storage facilities were destroyed by a similar tornado.
Energy & Oil Prices: Natural Gas, Gasoline and Crude Oil - Bloomberg
New oil has swelled Cushing's storage capacity to about 65 million barrels, up from about 26 million barrels in 2005.
Another 125 tanks are planned or are under construction in the central Oklahoma city.
Cushing, OK stores more than $4.1 billion in oil | News OK
And it is only a matter of time being in "tornado alley" it will be hit.
Oh one other major value of Cushing...
Crude Oil (WTI) is one of 4 oil commodity locations used in pricing of oil as a commodity.
I have no idea what the affect on oil prices would be if part or all of Cushing's storage facilities were destroyed by a similar tornado.
Energy & Oil Prices: Natural Gas, Gasoline and Crude Oil - Bloomberg