Cushing, OK Storage Tank Farm

Discussion in 'Oilfield Trucking Forum' started by Chibob, Feb 26, 2015.

  1. Chibob

    Chibob Medium Load Member

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    Wiki says it will hold 85 million bbls but I wouldn't know how to find out how full they are. But if we are producing 1 million bbls a day more than we use then won't take long to fill it up.
     
  2. plater1

    plater1 Medium Load Member

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    I got my numbers from an article over on oilprice.com. The article may be taking into account how much is already been used?
     
  3. 77fib77

    77fib77 Road Train Member

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    I have heard they are buying old sea going tankers and putting oil on them too. Wall street assumes oil will be back up in a year and they make 20% in a year?????
     
  4. Arky

    Arky Heavy Load Member

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    All of those things are limited..and expensive. Production cuts or demand increases are the only two things that will bring price increases. Production is very capable of meeting demand for the foreseeable future. The leveling off has begun. When prices do recover, there will be plenty of idled rigs and capped wells to bring production numbers back up and keep prices in check for a good long time. I think we will see oil prices in the $60-$80/barrel range for several years.
     
  5. TLeaHeart

    TLeaHeart Road Train Member

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    eia.gov says cushing was 25% full at the end of september. next report for the end of dec, due 3/25/2015
     
  6. Chibob

    Chibob Medium Load Member

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    Columbia, Missouri
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    I guess we'll find out next week how full they were in Dec.
     
  7. Arky

    Arky Heavy Load Member

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    Last edited: Mar 25, 2015
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