The ability to produce, refine and transport oil is essential to U.S. economic competitiveness. Following several decades of steady decline, U.S. oil production has risen sharply since 2008, presenting a remarkable opportunity to improve the nation’s energy security, support increased industrial activity and make energy more affordable for American households. However, significant infrastructure investments must be made to fully leverage the benefits and opportunities afforded by abundant domestic oil resources. Timely updates and expansions to the existing pipeline and storage infrastructure systems will be essential to ensuring that crude oil and refined products are efficiently and safely transported from new and geographically diverse production hubs to refineries along the West and Gulf Coasts, as well as to demand centers across the country. System statistics include:
A rapid expansion in shale and tight oil production is driving fundamental changes in how and where petroleum is produced.
Robust domestic oil production and increased activity at U.S. refineries are driving investments to improve and expand crude and oil products infrastructure capacity.
Recent investments made to strengthen U.S. oil infrastructure have generated substantial economic returns, and continued investment will be critical to supporting the domestic energy industry and expanding economic growth.