Dylan White is an oil market analyst at Genscape in Louisville, KY. Since 2013, he has worked on Genscape’s Oil Storage Team, which publishes weekly inventory data for key storage terminals, including Cushing and New York Harbor. Dylan's analysis on North American crude and refined product markets is regularly featured on the Genscape blog, as well as published in major news outlets and magazines.
In 2015, Sooners held on tight as Oklahoma was rocked by 890 earthquakes with a magnitude of 3 or higher—up sharply from only 43 earthquakes in 2010 and an average of less than two earthquakes per year in the previous quarter-century. Oklahomans have experienced hundreds of earthquakes this year too, including a record-breaking 5.8 event on September 3 and, on November 6, a 5.0 quake very near Cushing, OK, which serves as the delivery point for the CME/NYMEX Light Sweet Crude contract and which has earned the nickname “Pipeline Crossroads of the World”. Today we look at the latest quake near Cushing and other recent pipeline disruptions to assess the resilience of critical crude-delivery systems.
