Sunday, March 8, 2015

The coming oil bust

Cushing, Oklahoma, population 7, 826, has an over sized footprint in American energy production and soon in energy price. The town is home to the world's largest tank farm. If as the ancients said "All roads lead to Rome" then Cushing can boast that all pipelines lead to it. It is the price settlement point for West Texas Intermediate (WTI) crude.



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