In the sleepy farmland of south Texas, near the ghost town of Helena, the 18 gleaming towers of ConocoPhillips’ oil stabilisation plant are an incongruous sight. Three years ago, there were only fields here but facilities have sprung up to handle

Source: www.ft.com

The commodity glut Goldman Sachs is talking about: "’Given the amount of oil offline, the oil price would likely be a lot higher were it not for the US,’ she says. From 2005 to 2013, all of the net increase in world crude production was provided by the US."