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Keyword: cushing

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  • Crude oil inventories at Cushing down 29% over the past seven weeks

    03/26/2014 11:34:07 AM PDT · by thackney · 10 replies
    Energy Information Administration ^ | March 19, 2014 | Energy Information Administration
    Crude oil inventories at Cushing, Oklahoma, the primary crude oil storage location in the United States and the delivery location for the New York Mercantile Exchange (Nymex) West Texas Intermediate (WTI) crude oil futures contract, declined 12 million barrels (29%) over the past seven weeks. On March 14, 2014, Cushing inventories were 30 million barrels, 19 million barrels lower than a year ago and the lowest level since early 2012. The recent drawdown of stocks at Cushing resulted from (1) the startup of TransCanada's Cushing Marketlink pipeline, which is now moving crude from Cushing to the U.S. Gulf Coast; (2)...
  • Pipeline Flip Turns U.S. Oil World 'Upside Down'

    05/19/2012 1:51:53 PM PDT · by Theoria · 41 replies
    NPR ^ | 18 May 2012 | Jeff Brady
    The U.S. oil boom has created a glut of crude in Cushing, Okla., a major oil storage hub. This sign dubs the city the "Pipeline Crossroads of the World." For years, Cushing, Okla., has been on the receiving end of a 500-mile pipeline funneling oil from the Gulf of Mexico to the American heartland.Starting this weekend, that pipeline will start moving crude in the other direction. That flow reversal could soon have implications at gas pumps around the country."For 40 years, crude oil flowed north," says Philip Verleger, a visiting fellow at the Peterson Institute for International Economics. "Today, oil...
  • Obams's Speedy Review Won't Accelerate Cushing Pipe

    03/23/2012 6:49:19 AM PDT · by Western Phil · 1 replies
    San Fransisco Chronicle ^ | 23 March 2012 | Bradley Olson and Mike Lee, ©2012 Bloomberg News
    <p>Mod note: This is Bloomberg content which is link only, so text was removed, please go to link instead.</p>
  • Obama's Keystone XL Visit A Potemkin Village Photo-Op

    03/21/2012 5:03:54 PM PDT · by Kaslin · 12 replies · 2+ views
    IBD Editorials ^ | March 21, 2012
    Politics: The president stages a photo-op in Oklahoma to take credit for the portion of the Keystone XL pipeline that doesn't need his approval and for oil production on private and state lands beyond his jurisdiction. If one of his aides some morning remarked on a particularly lovely sunrise, it wouldn't surprise us if President Obama responded with a "thank you," so gifted is he in taking credit for successes that he has nothing to do with and that occur despite, not because, of his policies. So it will be Thursday, when Obama is scheduled to appear in Cushing, Okla.,...
  • Update: Canadian pipeline firms Enbridge, TransCanada sprint to end U.S. oil glut

    11/17/2011 7:57:32 AM PST · by thackney · 12 replies
    Reuters via Calgary Herald ^ | November 16, 2011 | Anna Driver and Scott Haggett
    Enbridge Inc and TransCanada Corp have raced forward with new pipeline plans in the fierce battle to unclog a year-long U.S. oil bottleneck, setting up a potentially swift collapse to an unprecedented distortion in crude markets. After purchasing ConocoPhillips’ stake in the 350,000 barrel-per-day Seaway pipeline for $1.15 billion, Enbridge and new partner Enterprise Products Partners said they plan to reverse the line’s flow to send crude locked up at the Cushing, Oklahoma, oil hub to the Texas coast. That means they will not pursue a separate project unveiled in September. Separately, rival TransCanada said it could begin construction of...
  • Oil Epicenter's Sway on Prices Begins to Slip .

    05/31/2011 5:43:29 AM PDT · by thackney · 19 replies
    Wall Street Journal ^ | MAY 31, 2011. | DAN STRUMPF and CAROLYN CUI
    This small city, which calls itself the "Pipeline Crossroads of the World," has been the center of the oil market for nearly three decades, housing millions of barrels of the light, sweet crude that make up the world's most actively traded oil contract. But that contract, known as West Texas Intermediate, isn't what it used to be. A pipeline-building boom that has flooded Cushing's terminals has kept WTI well below other oil-price benchmarks. The resulting price gap is clobbering airlines that use the Cushing-tied contract to lock in fuel prices, while causing some major oil producers to switch to different...
  • Westwood One Launches 'The Monica Crowley Show' (debuts Sat April 1st at Noon ET)

    03/28/2006 4:58:35 AM PST · by ajolympian2004 · 12 replies · 2,886+ views
    Westwood One Press Release ^ | Monday March 20th, 2006 | Peter Sessa
    WESTWOOD ONE LAUNCHES THE MONICA CROWLEY SHOW --New Program to Air Saturdays, Noon - 3 p.m. ET-- Beginning Saturday, April 1, 2006 New York, NY Monday, Mar 20, 2006 - Westwood One (NYSE: WON) is proud to announce the national launch of The Monica Crowley Show, the three-hour talk program hosted by author and news personality Monica Crowley. The show begins Saturday, April 1, 2006, and will air from noon to 3 p.m. ET. The Monica Crowley Show will debut on major market stations across the country including: WABC-AM New York, WTKK-FM Boston and WTNT-AM Washington DC. The show will...
  • THE CHIEF JUSTICE WHO WASN'T THERE

    09/21/2005 3:37:57 AM PDT · by alessandrofiaschi · 19 replies · 1,200+ views
    Law.com ^ | Tony Mauro
    When President George W. Bush and members of the Senate Judiciary Committee describe John Roberts Jr. as the nominee to be the 17th chief justice of the United States, Ross Davies just chuckles. That isn't a comment on Roberts or his qualifications. What amuses Davies, a law professor at George Mason University, is the number everyone uses. Davies is quite sure that Roberts, if confirmed, will be the 18th chief justice, not the 17th. In a 76-page law review article, set to be published next spring, Davies makes a forceful argument that William Cushing, a mostly forgotten associate justice appointed...
  • Personally Opposed, but…

    01/22/2005 2:46:48 PM PST · by Land of the Irish · 17 replies · 389+ views
    Catholic World News ^ | December 2003 | Diogenes
    Who was the first prominent American Catholic to announce that he could not impose his views on other citizens? (Hint: He wasn't a professional politican.) By Diogenes Dec 2003 (CWR) - What do you call a Catholic who says that he is "personally opposed" to some form of immoral behavior, but refuses to take action against it? Under some circumstances, you call him Your Eminence. For years I have been bewildered by the public statements of Catholic politicians who claim to be "personally opposed" to legal abortion, or physician-assisted suicide, or same-sex marriage, but nevertheless vote in favor of these...
  • Working to Free A Killer Susan McLaughlin Doesn’t Deserve to be Released

    12/22/2002 6:57:08 AM PST · by Bowana · 2 replies · 1,335+ views
    Working to Free A Killer Susan McLaughlin Doesn’t Deserve to be Released There are two NH women working to free a convicted killer. Susan "Sam" Cook McLaughlin was found guilty of being an accessory to murder and sentenced to life in prison with no possibility of parole. It seems that these women feel that McLaughlin has paid her debt to society and now deserves to be free. One of the women, Cilla Clements, a school teacher and writer from Raymond NH who met McLaughlin while working on a story about imprisoned women, feels that "She's paid her debt, and she's...