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Plains All American abandons Byhalia pipeline. How Memphis reacted.


U.S. crude oil production dropped from an estimated 12.25 million barrels per day in 2019 to 11.31 million barrels per day in 2020, according to the U.S. Energy Information Administration. 
Oil production has dropped to an estimated 11.08 million barrels per day so far in 2021, but was projected to increase to 11.79 million barrels in 2022.
The company statement continued: We value the relationships we’ve built through the development of this project, and appreciate those that supported the project and would have shared in its ongoing benefits including our customers, communities, energy consumers, landowners, area contractors and suppliers. 
“Pipelines continue to play a critical role in safely transporting energy products from where energy is produced to where it is refined and turned into consumer goods that benefit our lives. As part of any shift to lower carbon energy, hydrocarbons will continue to be a critical part of meeting increasing global need for ....

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