WTI / Brent spread gone in 12 months
Posted: Mon Jul 01, 2013 2:15 pm
This will wipe out the spread between WTI and Brent within 12-months.
-----------------------------------------------------------------------------------
Oil could be flowing through TransCanada’s Gulf Coast Pipeline by the end of the year, clearing up the logjam in Cushing, Okla., and sending thousands of barrels per day to refineries near Nederland.
The 485-mile pipeline is more than 85 percent complete, said David Dodson, a spokesman for Calgary, Canada-based TransCanada.
"Almost all of the pipeline has been built. What we have left are some tie-ins where we go under a road or go under a waterway," Dodson said.
Additional pumping stations and ground meters also need to be built.
The 36-inch diameter pipeline passes through 17 Texas counties and will have a capacity of 700,000 barrels per day, Dodson said.
-----------------------------------------------------------------------------------
Oil could be flowing through TransCanada’s Gulf Coast Pipeline by the end of the year, clearing up the logjam in Cushing, Okla., and sending thousands of barrels per day to refineries near Nederland.
The 485-mile pipeline is more than 85 percent complete, said David Dodson, a spokesman for Calgary, Canada-based TransCanada.
"Almost all of the pipeline has been built. What we have left are some tie-ins where we go under a road or go under a waterway," Dodson said.
Additional pumping stations and ground meters also need to be built.
The 36-inch diameter pipeline passes through 17 Texas counties and will have a capacity of 700,000 barrels per day, Dodson said.