Cookie Control

This site uses cookies to store information on your computer.

Some cookies on this site are essential, and the site won't work as expected without them. These cookies are set when you submit a form, login or interact with the site by doing something that goes beyond clicking on simple links.

We also use some non-essential cookies to anonymously track visitors or enhance your experience of the site. If you're not happy with this, we won't set these cookies but some nice features of the site may be unavailable.

By using our site you accept the terms of our Privacy Policy.

(One cookie will be set to store your preference)
(Ticking this sets a cookie to hide this popup if you then hit close. This will not store any personal information)

"Crude Slump, Pipeline Expansion Mark End of U.S. Oil-Train Boom"

"The oil-train boom is waning almost as quickly as it began.

Rail became a major way to move crude after companies began unlocking new bounties of oil from shale formations, with volumes rising from almost nothing in 2009 to more than one million barrels a day by 2014, according to the U.S. Energy Information Administration.

But those numbers began falling after oil prices started tumbling two years ago, and aren’t projected to recover anytime soon. In April, just 430,000 barrels of oil rode the rails each day, according to the latest federal figures."

Alison Sider and Laura Stevens report for the Wall Street Journal July 25, 2016.

SEE ALSO:

"Keystone’s Death Means Record Oil Revival for Canadian Railways" (Bloomberg)

"Canada To Accelerate Oil Train Car Phaseout" (The Hill)

"US Environmentalists Take Aim At Second Transcanada Pipeline" (AP)

"Planned Gas Pipeline Construction on East Coast Puts Climate at Risk: Report" (DeSmog)

Source: Wall St. Journal, 07/27/2016