Phillips 66 (PSX) is the latest energy company to aggressively pursue pushing cheaper U.S. crude...

|About: Phillips 66 (PSX)|By:, SA News Editor

Phillips 66 (PSX) is the latest energy company to aggressively pursue pushing cheaper U.S. crude through rail to its refineries, after signing deals with Enbridge Partners (EEP; also), Targa Partners (NGLS) and Magellan Midstream (MMP). PSX's new partnerships show refiners are accepting that U.S. oil production, set to grow by nearly 1M bbl/day in 2013 to 7.3M bbl/day, is not a flash in the pan.