The U.S. is facing looming challenges regarding the storage of excess crude oil. Business shut downs, travel bans, and social distancing due to the COVID-19 health crisis have created a significant surplus, and global oil demand is falling as much as 8 to 9 million barrels per day. This has obviously created storage issues, with many U.S. facilities expect to reach maximum capacity in the coming weeks. A recent Wall Street Journal article pointed to rail cars as an innovative option for storing excess crude oil. With 11,000 linear feet of privately-owned rail track available in Gallup, New Mexico, Gallup Energy Logistics Park provides a viable solution for affordable, long-term oil storage.
Contact General Manager Martin O’Malley at 505 399-3111 for additional information.
