North America is awash in oil, so you'd think our local oil companies would be laughing all the way to the bank. But too much oil, and too little pipeline capacity, is wreaking havoc on oil prices. In this video, Fool energy contributor Aimee Duffy explains how it happens, what role midstream companies like Enbridge (NYSE:ENB) and ONEOK Partners (NYSE:OKS) are playing, and what oil companies are doing to compensate.
Aimee Duffy has no position in any stocks mentioned. The Motley Fool recommends ONEOK Partners, L.P. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.