Recently, the U.S. Energy Information Administration (EIA) posted a blog on their website titled “Two new U.S. crude oil pipeline projects have been completed this year.” Both the Ted Collins Pipeline and Cushing South Phase II Expansion are projects of midstream company Energy Transfer. The Ted Collins Pipeline will transport 275,000 barrels per day (b/d) of crude oil along the Gulf Coast of Texas. Cushing South Phase II is a 55,000 b/d expansion of the Cushing South project that runs from Colorado, through Oklahoma, into Texas. These two projects were the only pipelines of any kind to be built in the first five months of 2022.
Below is a statement that can be attributed to Guy Caruso, the former administrator of the Energy Information Administration, and an advisor for the GAIN Coalition:
“As the Biden Administration seeks to suspend the federal gas tax and plans on visiting Saudi Arabia next month, domestic energy companies are putting forth solutions to alleviate our energy crisis. Energy Transfer’s two new pipelines are the only midstream crude oil projects to be completed in 2022 so far. As supply becomes more an issue, these projects expand the U.S.’ energy transportation capacity, allowing for more oil to flow to terminals. In order to combat the surging energy crisis, more support for energy infrastructure projects is essential. Long-term solutions that increase our domestic capacity will ensure our country’s energy security.”