BNSF banks on Bakken shale oil, but there's a catch
(Source: Metal Miner, January 28, 2014)
For example, as of last summer, BNSF shipped about 650,000 barrels of crude per day, against almost none five years ago, according to Bloomberg. CP expected to haul 70,000 carloads of crude in 2013, up from 500 in 2009, the article states the bulk of it from Bakken. According to a June report by Bloomberg Industries, 71 percent of all Bakken crude now leaves the region by train, compared with 25 percent in January 2012. Only 20 percent travels by pipeline, down from 61 percent in 2011.
Full story: www.agmetalminer.com
Tuesday, January 28, 2014
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