Editing Cushing, Oklahoma (section)

== Economy ==
[[File:Enbridge tank farm, Cushing Oklahoma.jpg|thumb|[[Enbridge]] [[crude oil]] tank farm near Cushing has a maximum storage capacity of {{convert|20060000|oilbbl}} (2010)]]
{{Main|Oil industry in Cushing}}
Cushing is a major [[crude oil]] hub within the United States and worldwide [[oil industry]]. It is a "vital transshipment point with many intersecting pipelines, storage facilities and easy access to refiners and suppliers." Crude oil flows "inbound to Cushing from all directions and outbound through dozens of pipelines."<ref name="CME2012">{{cite web |url=http://www.cmegroup.com/trading/energy/files/en-153_wti_brochure_sr.pdf |title=Light Sweet Crude Oil (WTI) Futures and Options: When the World Asks, "What's the Price of Crude Oil?" WTI is the Answer |publisher=CME Group |access-date=2013-04-15 |archive-url=https://web.archive.org/web/20130520144214/http://www.cmegroup.com/trading/energy/files/en-153_wti_brochure_sr.pdf |archive-date=2013-05-20 |url-status=dead }}</ref>  Crude oil tank farms around Cushing have over 90 million [[barrels]] of storage capacity.

The new refinery announced in May 2023 is expected to create 423 direct jobs and produce a payroll of $39.3 million, resulting in a total economic impact of $18.2 billion over the following decade.<ref name=Refinery/>