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EspañolCUSHING, OKLAHOMA
'Cushing' is a city in Payne County, Oklahoma, United States. The population was 8,371 at the 2000 census.
Cushing is located at (35.982628, -96.764171).
According to the United States Census Bureau, the city has a total area of 19.8 km² (7.6 mi²). 19.8 km² (7.6 mi²) of it is land and 0.13% is water.
As of the census of 2000, there were 8,371 people, 3,071 households, and 2,002 families residing in the city. The population density was 423.0/km² (1,096.1/mi²). There were 3,636 housing units at an average density of 183.8/km² (476.1/mi²). The racial makeup of the city was 79.66% White, 7.02% African American, 7.97% Native American, 0.13% Asian, 0.90% from other races, and 4.32% from two or more races. Hispanic or Latino of any race were 2.70% of the population.
There were 3,071 households out of which 29.9% had children under the age of 18 living with them, 48.7% were married couples living together, 12.4% had a female householder with no husband present, and 34.8% were non-families. 31.3% of all households were made up of individuals and 16.1% had someone living alone who was 65 years of age or older. The average household size was 2.39 and the average family size was 2.99.
In the city the population was spread out with 22.9% under the age of 18, 10.0% from 18 to 24, 29.5% from 25 to 44, 20.0% from 45 to 64, and 17.6% who were 65 years of age or older. The median age was 37 years. For every 100 females there were 111.4 males. For every 100 females age 18 and over, there were 115.6 males.
The median income for a household in the city was $26,483, and the median income for a family was $32,284. Males had a median income of $26,710 versus $17,711 for females. The per capita income for the city was $12,620. About 15.1% of families and 16.4% of the population were below the poverty line, including 21.0% of those under age 18 and 10.1% of those age 65 or over.
'Currently'
Cushing is a major hub in oil supply connecting the Gulf Coast suppliers with northern consumers. Cushing is famous as a price settlement point for West Texas Intermediate on the New York Mercantile Exchange (NYMEX) and has been cited[1] as the most significant trading hub for crude oil in North America. Signs made out of pipe and a valve on the major highways into town proclaim Cushing to be the "Pipeline Crossroads of the World", and the town is surrounded by several tank farms.
On April 13, 2007, WTI Crude at Cushing lost its status as a gauge of world oil prices[2]. A large stockpile of oil at the facility (mainly due to a Valero refinery shutdown[3]) has caused prices to be artificially depressed at the Cushing pricing point.
'Historically'
In the early 20th century, Cushing was a center for exploration of and production from nearby oil fields. At least two refineries operated in the town. As the oil fields were depleted, production and refining became less important to the local economy.
★ Cushing Chamber of Commerce
★ Cushing Industrial Authority (economic development)
★ Cushing Daily Citizen (newspaper)
1. 2005 OK Refinery Report PDF Download
2. http://www.bloomberg.com/apps/news?pid=20602099&sid=apum7LTvljdc&refer=energy
3. http://www.bloomberg.com/apps/news?pid=20602099&sid=a_T5lNxayQ14&refer=energy
| Contents |
| Geography |
| Demographics |
| Oil Industry |
| External links |
| References |
Geography
Location of Cushing, Oklahoma
Cushing is located at (35.982628, -96.764171).
According to the United States Census Bureau, the city has a total area of 19.8 km² (7.6 mi²). 19.8 km² (7.6 mi²) of it is land and 0.13% is water.
Demographics
As of the census of 2000, there were 8,371 people, 3,071 households, and 2,002 families residing in the city. The population density was 423.0/km² (1,096.1/mi²). There were 3,636 housing units at an average density of 183.8/km² (476.1/mi²). The racial makeup of the city was 79.66% White, 7.02% African American, 7.97% Native American, 0.13% Asian, 0.90% from other races, and 4.32% from two or more races. Hispanic or Latino of any race were 2.70% of the population.
There were 3,071 households out of which 29.9% had children under the age of 18 living with them, 48.7% were married couples living together, 12.4% had a female householder with no husband present, and 34.8% were non-families. 31.3% of all households were made up of individuals and 16.1% had someone living alone who was 65 years of age or older. The average household size was 2.39 and the average family size was 2.99.
In the city the population was spread out with 22.9% under the age of 18, 10.0% from 18 to 24, 29.5% from 25 to 44, 20.0% from 45 to 64, and 17.6% who were 65 years of age or older. The median age was 37 years. For every 100 females there were 111.4 males. For every 100 females age 18 and over, there were 115.6 males.
The median income for a household in the city was $26,483, and the median income for a family was $32,284. Males had a median income of $26,710 versus $17,711 for females. The per capita income for the city was $12,620. About 15.1% of families and 16.4% of the population were below the poverty line, including 21.0% of those under age 18 and 10.1% of those age 65 or over.
Oil Industry
'Currently'
A smaller version of the "Pipeline Crossroads of the World" sign
Cushing is a major hub in oil supply connecting the Gulf Coast suppliers with northern consumers. Cushing is famous as a price settlement point for West Texas Intermediate on the New York Mercantile Exchange (NYMEX) and has been cited[1] as the most significant trading hub for crude oil in North America. Signs made out of pipe and a valve on the major highways into town proclaim Cushing to be the "Pipeline Crossroads of the World", and the town is surrounded by several tank farms.
On April 13, 2007, WTI Crude at Cushing lost its status as a gauge of world oil prices[2]. A large stockpile of oil at the facility (mainly due to a Valero refinery shutdown[3]) has caused prices to be artificially depressed at the Cushing pricing point.
'Historically'
In the early 20th century, Cushing was a center for exploration of and production from nearby oil fields. At least two refineries operated in the town. As the oil fields were depleted, production and refining became less important to the local economy.
External links
★ Cushing Chamber of Commerce
★ Cushing Industrial Authority (economic development)
★ Cushing Daily Citizen (newspaper)
References
1. 2005 OK Refinery Report PDF Download
2. http://www.bloomberg.com/apps/news?pid=20602099&sid=apum7LTvljdc&refer=energy
3. http://www.bloomberg.com/apps/news?pid=20602099&sid=a_T5lNxayQ14&refer=energy
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