As previously reported, America’s largest oil field is running out of pipelines, preventing energy from reaching consumers across the country. To remedy this, new investments in energy infrastructure across Texas are necessary.
Surging crude output from the Permian basin, the biggest oilfield in the United States and the source of most of the country’s shale crude, is straining the region’s infrastructure. Pipelines are running full, sending crude prices there WTC-WTM WTC-WTS to their weakest level against benchmark futures in three and a half years.
Read more – Reuters
