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Need for Keystone XL Erodes as U.S. Oil Floods Gulf Coast Refining Hub

2013-11-06 12:01:00| Climate Ark Climate Change & Global Warming Newsfeed

InsideClimate: The ongoing U.S. oil boom has flooded the Gulf Coast with domestic crude to levels not seen in decades, creating a homegrown oil glut in the nation's refining center just as the Obama Administration prepares to rule on a pipeline that would add a torrent of heavy Canadian crude to the same region. It's just the latest in a string of developments that have surprised and roiled oil markets since 2009, when the combination of falling fuel demand and an unexpected surge in U.S. oil and natural gas production...

Tags: oil coast hub gulf

Category:Electronics and Electrical

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