HOUSTON (Reuters) - Even as big U.S. oil pipelines invest billions of dollars to ship booming oil production south from Canada and North Dakota, a new race is underway in the opposite direction.
If the Utica shale in Ohio pans out, Marathon's need for access to Gulf Coast crude supplies could diminish sharply. Utica, which is just beginning development, could flow as much as 133,000 barrels a day by 2016, Bentek forecasts.
Even as Marathon began consuming the first few barrels of Utica crude earlier this year, Catlettsburg's intake of imported crude via Capline fell in December to just over 15,000 bpd, down from 50,000 bpd in the first half, the Louisiana data show.
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