OIL WHY THE CUSHING STORAGE HUB MATTERS TO OILRussell Karas and Dan Brusstar, Open Markets, August 6, 2020 AT A GLANCE The crude oil hub in Oklahoma provides the physical delivery mechanism for the benchmark WTI futures contract As global economies reopen, oil stocks in Cushing have been drawn down to 51 million barrels in storage since the peak of … read more
A big thumbs down to Kevin Banks for floating the idea that a ballot measure increasing taxes from 150%-300% “isn’t about money”, rather, political influence. We get it. With the price of oil projected to be “lower for longer”, the fair share folks have had to stop their claim that the initiative will bring in a billion dollars annually, and … read more
News of the Day: Murkowski Cosponsors Legislation to Provide Needed Certainty for Project Developers U.S. Senator Lisa Murkowski, R-Alaska, this week cosponsored legislation introduced by Senator John Cornyn, R-Texas, to reaffirm the Army Corps of Engineers’ (Army Corps) Nationwide Permitting (NWP) program, including Nationwide Permit 12 (NWP-12). NWPs provide for expedited review of projects with minimal environmental impact but are … read more
