most of the us oil refineries are located along the gulf coast.
most of the us oil refineries are located along the gulf coast.
on what coast are most of the us oil refineries located?
along the gulf coast
Na
Na
in addition, the us oil marketing hub at cushing was flooded with new oil because most new north american production from canada, north dakota, and texas converged at that point, and there was insufficient capacity to take it from there to refineries on the gulf coast, where half of us oil refinery capacity is located. the american pipeline system is designed to take imported oil from the gulf coast and texas to the refineries in the northern us, and the new oil was flowing in the opposite direction, toward the gulf coast. the price of west texas intermediate delivered at cushing, which is the main benchmark for us oil prices, fell to unprecedented low levels below other international benchmark oils such as brent crude and dubai crude. since the price of wti at cushing is usually quoted by us media as "the price of oil", this gave many americans a distorted view of world oil prices as being lower than they were, and the supply being better than it was internationally. canada used to be in a similar position to the us in that offshore oil was cheaper than domestic oil, so the oil pipelines used to run westward from the east coast to central canada, now they are being reversed to carry cheaper domestic oil sands production from alberta to the east coast.
oil sands