Skip to comments.Oil producers using trains to hunt for best price
Posted on 07/24/2012 6:48:48 AM PDT by thackney
North Dakota oil producers are increasingly using trains to hunt for the best price for their crude.
North Dakota Department of Mineral Resources director Lynn Helms says as much as 40 percent of the states oil exports are being shipped by train instead of pipeline.
Helms says there isnt enough pipeline space yet to handle all of North Dakotas production. It is now almost 640,000 barrels a day.
(Excerpt) Read more at fuelfix.com ...
These wouldn’t happen to be part of Warren Buffet’s Rail system, would it?
I saw that analysis on Glenn Beck’s show, the reason why organizations he helps fund were stalling the pipeline.
At least of on them is.
All things become apparent........
At least of on them is.???????????
That's like English; only different.
I did too.. Thank God for Glenn Beck and the truth.. or at least more of it than we get anywhere besides FR.
Burlington Northern merged with the Atchison, Topeka and Santa Fe Railway at the end of 1996 to form the Burlington Northern and Santa Fe Railway (later renamed BNSF Railway), which was owned by the Burlington Northern Santa Fe Corporation. That corporation was purchased by Berkshire Hathaway in 2009 which is controlled by investor Warren Buffett.
These wouldnt happen to be part of Warren Buffets Rail system, would it?
At least one of the railroads; Warren Buffetts Burlington Northern Santa Fe benefit from the Obama administrations decision to reject TransCanadas Keystone XL oil pipeline permit.
See post #10
I blame a lack of coffee.
I could not possibly be my fat fingers or slow mind.
Another development is the scarcity of tank cars.
Cars once dedicated to heavy oil or asphalt are being cleaned up and converted to crude oil service.
Maybe they could build a big pipeline?