Crude Oil Pipeline Spending in the U.S Projected to Reach $19.9 Billion Through 2013, an Industrial Info News Alert

Thu Aug 16, 2012 6:10am EDT

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  SUGAR LAND, TX, Aug 16 (Marketwire) -- 
Researched by Industrial Info Resources (Sugar Land, Texas) -- Companies
will spend an estimated $19.9 billion by year-end 2013 to expand the
nation's crude-oil pipeline network. During the same period, companies
processing and transporting natural gas liquids are expected to spend
more than $6 billion on new capital projects. In both cases, the surge in
spending is driven by strong global demand for oil and natural gas
liquids, as well as high prices. Some of the new crude-oil pipeline
projects are expected to gradually relieve the current crude-oil
bottleneck at Cushing, Oklahoma, providing they can stay ahead of rapidly
increasing crude-oil production from the mid-continent area.

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