Posts Tagged ‘OK’
Slick North Dakota
During 3/12 ND passed AK to become the number two oil producing state with 575,000 barrels a day (bbl/d) compared to AK’s 567K bbl/d. TX holds down the top spot with 1.7 million bbl/d. CA is fourth with 230K bbl/d followed by OK and NM. Four years ago, ND was the number eight oil producer…
Read MoreOil is OK
West Texas Intermediate crude sells for $106/barrel while North Sea Brent sells for $125. Normally, they are similarly priced. The current gap exists because of a lack of pipeline capacity out of Cushing, OK. (where physical delivery of oil occurs). But, a new pipeline (part of the Keystone XL project) is now being built which…
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