Crude Oil Pipeline Spending in the U.S Projected to Reach $19.9 Billion Through 2013, an Industrial Info News Alert
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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. For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showAbstract.jsp?newsitemID=224960&refer=mw, or browse other breaking industrial news stories at www.industrialinfo.com. Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, and eight offices outside of North America, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle(TM), provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page. Contact: Joe Govreau 713-783-5147 Copyright 2012, Marketwire, All rights reserved. -0-