The Business Times
SUBSCRIBERS

Quakes near US oil hub raise concerns over storage security

Injected wastewater has made Oklahoma second most seismically active state

Published Fri, Oct 16, 2015 · 09:50 PM
Share this article.

New York

A SHARP earthquake in central Oklahoma last weekend has raised fresh concern about the security of a vast crude oil storage complex, close to the quake's centre, that sits at the crossroads of the nation's oil pipeline network.

The magnitude 4.5 quake struck on Saturday afternoon about three miles (five km) north-west of Cushing, roughly midway between Oklahoma City and Tulsa. The town of about 8,000 people is home to the so-called Cushing Hub, a sprawling tank farm that is among the largest oil storage facilities in the world.

Scientists reported in a paper published online last month that a large earthquake near the storage hub "could seriously damage storage tanks and pipelines". Last Saturday's quake continues a worrisome patt…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Energy & Commodities

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here