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Railroad companies are battling pipeline operators for oil transportation dominance

(Source: The Motley Fool, December 20, 2013)

NEW YORK -- North Dakota's Director of the Department of Mineral Resources estimates that 90% of all crude oil produced in North Dakota's Bakken Shale next year will grab a ticket to ride. Given that 60% of the region's crude hit the rails this year, and the Bakken's top producer, Continental Resources, has already confirmed it is shipping 100% of its crude via rail, this prediction may very well become a reality in 2014.

Full story: The Motley Fool

Monday, December 23, 2013

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