Domestic Crude Oil East: When The Levee BreaksTags: crude, floods, pipeline
Floods in the Midwest repeatedly led to pipeline and crude-by-rail disruptions over the last few months. While domestic barge flows on the Mississippi were largely unaffected by the high water levels throughout April, the first cracks began to show in May.
About The Author
Ken Smithmier is our Director of Market Research – Agricultural Markets. He brings to ClipperData 12 years of experience in the agricultural commodity markets, including prior roles at Archer Daniels Midland, Chicago-based The Hightower Report, and at a $2.5 billion global food services company, where he oversaw commodity risk. Ken has extensive experience in both physical and financial agricultural commodity trading. His primary responsibilities are analyzing global trends in the agricultural markets and delivering high level research to clients in the space.