Laif Meidell: Decline in supply sends crude higher

April 7, 2015 6:44 AM

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The city of Cushing, Okla., was established after the land run of 1891. In 1921, the city was part of the oil boom in that region, which led its development as a refining center. As of 2013, the estimated population of Cushing was 7,889.

So why do we care about a little town in northern Oklahoma? Among other things, Cushing is a key storage hub and delivery point for light, sweet crude, and its fun to see such a small town have such a big impact on the world.

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