Thu01292015

Last updateThu, 29 Jan 2015 4pm

Back You are here: Home News Industry Headlines End-User News Texas Could Join Saudi Arabia in Supplying Oil to California

End-User News

Texas Could Join Saudi Arabia in Supplying Oil to California

“Until now, a U.S. law that makes domestic shipping more expensive left Californians buying oil from the Middle East instead.” But today, assuming they can find enough ships to transport it, “Texas crude will become affordable on the West Coast as the highest domestic output in a quarter century creates a surplus of light oil and drives down prices,” according to Bloomberg’s Lynn Doan and Isaac Arnsdorf.

“The West Coast has been short crude over the last couple of decades with Alaska North Slope and California oil production down,” says Andy Lipow, president of Lipow Oil Associates LLC in Houston. “Getting more crude from other areas of North America into the West is going to help refiners, and if you have a big glut of light, sweet crude on the Gulf Coast, tankers will load.” 

New Products

 

Valve Magazine Digital Edition

15 WNT CVR 160x214Inside the Winter 2015 issue…

• Your Control Systems Are at Risk!
• Building a Better Workforce
• Focus on the Offshore Market
• Forgings: Quality with a Cost

CLICK HERE TO REQUEST YOUR
DIGITAL EDITION PREVIEW EMAIL

buy anabolic steroids au buy steroids via paypal order steroids online usa british pharmacy steroids buy oxandrin online