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FarCenter

(19,429 posts)

3. The southern section from Cushing, Oklahoma to the Gulf of Mexico

Reply to CaliforniaPeggy (Reply #1)

Sat Aug 24, 2013, 04:52 PM

Aug 2013

Currently, the price of oil in Cushing, OK is $106.42 while the price of North Sea Brent is $111.04. The difference has been larger and reflects that land-locked oil in OK is unable to get to the coast and trade for international, sea-borne oil prices. As the pipelines from Cushing to the Gulf ramp up, they will supply Gulf Coast refineries, oil imports to the Gulf will decrease and prices will equalize.

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Highlight:

TransCanada says Keystone XL’s southern leg over 90% complete; expects it in service at end 2013 [View all] Fire Walk With Me Aug 2013 OP

This puzzles me; the pipeline has not been approved along the whole length. CaliforniaPeggy Aug 2013 #1

TransCanada is probably gonna try to do whatever they can possibly get away with..... AverageJoe90 Aug 2013 #2

The southern section from Cushing, Oklahoma to the Gulf of Mexico FarCenter Aug 2013 #3