Cushing oil terminal in high demand as storage rates rise

Daisy Creager Story courtesy Journal Record

Cushing is known as the “oil pipeline crossroads of the world” and demand for its storage tanks is up as crude oil supplies continue to outpace demand and storage space becomes increasingly expensive.

Economists say the oil and gas industry is facing the risk of running out of storage space for unused oil, a scenario that is driving up storage rates in Cus…