October 10th, 2018 the president of the Federal Reserve Bank of Kansas City Esther George visited Cushing OK., to tour the Plains All American Pipeline facility located just south of Cushing. Her interest in the community and the facility was to learn first hand how the energy industry functions, and generates economic activity, in our area..
This is the second visit from Federal Reserve representatives, in as many months. Earlier in the year a group of economists from the Federal Reserve visited the facility and inquired about many of the significant functions of the operation. Mr. Wilkerson, Federal Reserve Executive in Oklahoma City said “Most of them were from our KC office, and rarely get to see energy activity actually occurring”. All of these questions were related to how prices are set, market demands, and how barrels of crude oil are moved and tracked from location to location. Wilkerson added, “Everyone enjoyed it very much.”
It seems mundane to those of us who live in the midst of the “tank farms”. We forget about the global impact our community has on a daily basis. However this is a good reminder that others are taking note of Cushing Oklahoma, and the significant contribution the energy industry has had in the past, and is guaranteed to have in the future.
Red Dirt Media Group would like to thank Jerry Mackey and Brad Dooley for accommodating the request for the tour, and for being great hosts. Plains All American Pipeline and all of the energy producers are a true asset to our local community.