Portal:Oklahoma/Cities/19

Cushing is a city in Payne County, Oklahoma, United States. The population was 8,371 at the 2000 census.

Cushing is a major hub in oil supply connecting the Gulf Coast suppliers with northern consumers. Cushing is famous as a price settlement point for West Texas Intermediate on the New York Mercantile Exchange (NYMEX) and has been cited as the most significant trading hub for crude oil in North America. As of 2007, Cushing holds 5% to 10% of the total U.S. crude inventory. Signs made of a pipe and valve on the major highways near town proclaim Cushing to be the "Pipeline Crossroads of the World", and the town is surrounded by several tank farms. Most storage tanks are owned by four entities: oil giant BP, and energy-transport and logistics firms Enbridge Energy Partners, Plains All American Pipeline, and SemGroup Energy Partners. (Read more...)