WHAT HAPPENS TO OIL PRICES AND DISTRIBUTION, WHEN THE NEW MADRID EARTHQUAKE TAKES PLACE
There's something I'm not seeing/hearing a lot about in the Oklahoma earthquake discussion, and that is Cushing, OK is really close to all the earthquake activity taking place in that state. If/when a big earthquake takes place it could significantly impact crude oil supply/distribution in the US. The NYMEX sets crude oil prices at Cushing, OK, not to mention the size of the storage facilities, and major pipelines going thru there. This country would be crippled in no time if something bad happened (EQ, grey terror, etc.) there.
May 6, 2014