Excess Supplies

If you add up the numbers since the start of 2012 just under 2 MMb/d of transport capacity has been added to bring crude into the Texas Gulf Coast refining region. In the next two years (2014 and 2015) we expect another 2.1 MMb/d of crude pipeline and rail transport capacity to be added. In total that is over 4.1 MMb/d of potential incoming crude – to a region with just under 3.7 MMb/d of nameplate refining capacity. Today we begin a series describing the incoming flood of crude and preparations being made to handle it.