A current example of the effect low oil prices have on production.
The important point of this article is the last sentence.
Also, I couldn't resist responding to the best Oilman's restaurant in Texas question. One of my favorites is "Soto's". Great enchiladas and hot sauce with exceptional tortillas and refried beans. Located in Oilton, Webb County, Texas, about 30 miles from Laredo. I think you can buy used pumping units for "yard art" next door.
Tuesday January 19, 9:24 pm Eastern Time
Enbridge oil pipeline space not rationed in Feb.
CALGARY, Jan 19 (Reuters) - Enbridge Pipelines Inc. said on Tuesday it did not need to ration space on any of its Canada-U.S.
oil and petroleum products pipelines in February because nominations from shippers did not exceed capacity.
Space on the pipeline system, the main crude oil artery to the U.S. Midwest and southern Ontario refining markets from western Canada, has not been apportioned since December.
However, Edmonton-based Enbridge Pipelines, a unit of Enbridge Inc. (Toronto:ENB.TO - news) of Calgary, said nominations for Line 1, the petroleum products and gas liquids line, and Line 3, which moves mostly heavy crude oil, were at capacity.
''Therefore, increases in nominations (for the two pipelines) cannot be accepted at this time,'' Enbridge spokesman Alan Roth said.
Canadian light and heavy crude oil supplies have grown tight as a result of big cutbacks in drilling budgets among producers pressured by low oil prices.
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