Crude Oil Pipeline Spending Ballooned in 2017, Especially in Texas

SUGAR LAND--March 14, 2018--Researched by Industrial Info Resources (Sugar Land, Texas)--Since crude oil prices tanked four years ago, the oil pipeline industry has seen many setbacks and slowdowns. Permitting woes, public resistance and narrow profit margins - both upstream and downstream - have made new crude oil pipelines seem like increasingly risky propositions. As such, Industrial Info saw very low growth in crude oil pipelines in North America during 2015 and 2016.