Texas is in the midst of an unprecedented increase in oil and natural gas production. As a result of this, pipelines are expected to reach capacity, preventing additional supplies of energy from being delivered to consumers.
“If you are a pipeline company, you need to do something now,” said John Zanner, an analyst at consultants RBN Energy LLC. “Pipes are filling up from Midland to the Gulf and how full they are for how long will have an impact on price.”
Read more – Reuters