More good news:
NEW YORK, Dec 11 (Reuters) - A deadly ice storm in the U.S. heartland triggered power outages that paralyzed parts of the most important U.S. oil hub, threatening supplies to the region’s oil refineries.
The storm knocked out power to more than 800,000 in the U.S. Central plains and forced Enbridge (EEP.N: Quote, Profile, Research) to shut its 16.7 million barrel oil terminal at Cushing, Oklahoma, the delivery point of the New York Mercantile Exchange crude contract.
“Until we get power we cannot move the oil. There is some damage to our own distribution infrastructure, but right now it mainly depends on how quickly Oklahoma Gas and Electric can restore power to the area,” said Enbridge spokesman Larry Springer.
TEPPCO Partners LP said it had closed its 4.5 million barrel Cushing storage terminal and cut throughput at the 350,000 barrels per day Seaway pipeline, which runs crude from the Gulf Coast to the NYMEX hub.
Can we say “Enron”. Nice way to rack up a few more dollars……
The delivery point for NYMEX crude contracts has no backup power generators? Like they’ve never lost power due to a winter storm, EVER?
this may be a dumb question but with power out to that many homes do we use more or less energy? as an aggregate that is