U.S. Midstream Not Keeping Up With Oil Market
March 9, 2023--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--The war in Ukraine has upended global energy flows, with data showing the United States has become the crude oil exporter of choice for the European economy, but domestic infrastructure might not be able to keep up the pace.
The Russian invasion of Ukraine last year was met with swift sanctions from Western economies wary of the Kremlin's use of energy as a tool for geopolitical leverage. Furthermore, with Russia's economy pegged largely to export revenue, sanctions are designed to diminish the Kremlin's war chest.
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