Monday, July 15, 2013

More oil than ever shipping by rail

CNN

By Steve Hargreaves

With US oil production pipelines and growing operating at full capacity, the amount of oil transported by wagon jumped in the first six months of the year - jump of 48%.

And in the light of generally more important to put oil on the market - and derailment and explosion a train carrying oil to the Canada earlier this week, which killed at least 24 people, the goal is now on security.

Oil by rail deliveries totaled 355 933 carloads in the first half of this year, according to recent data from the Association of American Railroads. That happened only 5 358 carloads during the same period in 2009.

The rapid increase in rail transport oil is directly related to the boom in American oil production in places like Bakken Shale in North Dakota and Texas Eagle Ford. Most of rail shipments is expected to come from North Dakota. They are usually bound for refineries, along the coast and the Gulf Coast of the United States and the Canada.

Although oil transport by rail is usually more expensive than moving by pipeline or ship for long and the time of construction of pipelines pushed cars into service.

Click here to read more


View the original article here

No comments:

Post a Comment