There’s been a lot of talk--and angst—this summer and early fall about the flood of crude oil headed to the Houston area from the Eagle Ford, the Permian Basin and other burgeoning oil-production regions. The angst seems worst for crude producers, who rightly wonder whether Houston’s looming shortfall of storage capacity will further disrupt crude oil logistics, contribute to more downward pressure on crude prices, or worse. Understanding what’s ahead requires an in-depth look at the changing crude flows into Houston and that is precisely the subject of RBN Energy’s latest drill-down report. In today’s blog, we provide highlights of the report, which is available for download by RBN Backstage Pass holders, and discuss how the shift from waterborne to pipeline delivery of crude already is affecting the market.
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