Skip to comments.Bakken Crude, Rolling Through Albany
Posted on 03/02/2014 3:01:46 PM PST by thackney
...a 600-foot oceangoing oil tanker called the Stena Primorsk left the Port of Albany on its maiden voyage down the Hudson River laden with 279,000 barrels of crude oil. It quickly ran aground on a sandbar.
...The ships outer hull was breached, but a second hull prevented a spill. Still, the interrupted voyage just 12 miles south of the port signaled a remarkable turnaround for the states capital.
With little fanfare, this sleepy port has been quietly transformed into a major hub for oil shipments by trains from North Dakota and a key supplier to refiners on the East Coast.
Hidden in plain sight, Albanys oil boom has taken local officials and residents by surprise. Many became aware of the dangers of oil trains after a recent series of derailments and explosions, including one that killed 47 people in Quebec last July, which have generated concerns about growing rail traffic into the city. Trains rumble through the heart of Albany every day and often idle along the busy Interstate 787 highway while waiting to get into the ports rail yards...
About 75 percent of Bakken oil production travels by rail and as much as 400,000 barrels a day heads to the East Coast, said Trisha Curtis, an analyst at the Energy Policy Research Foundation. Albany gets 20 to 25 percent of the Bakkens rail exports, according to various analyst estimates.
Albany has become a big hub, Ms. Curtis said.
...expand operations here and, possibly, ship crude extracted from the oil sands of Canada into Albany. The company, Global Partners, which pioneered the use of Albany as a crude-oil hub, is also looking at shipping oil from a terminal in New Windsor, just north of West Point.
(Excerpt) Read more at nytimes.com ...
Evil hydrocarbons...in NEW YORK STATE?
Can’t Gov Cuomo or Caliph Baraq do something to save the children?
This is why Keystone won't make much difference to ND oil production.
I don't think it was ever really promoted as it would. It doesn't even pass through North Dakota.
Have a family member that works for a Louisiana firm that goes to Albany with seagoing barges...up and down the Hudson on a seagoing tug pushing a seagoing barge....back down the Hudson loaded....lighters the Bakken crude off of Staten Island to larger ships...some tankers going foreign with the crude, some to, you guessed it, Port Arthur, Texas City, etc...Mr. Buffett approves....
From the article:
“...Railroads carried more than 400,000 carloads of crude oil last year,
up from 9,500 in 2008, according to the Association of American Railroads...”
Nothing near like the danger of freezing your useless watermelon asses off in the dark.
Imagine, NYT sob sissies, what life will be like in your cesspool city when the alarms don't work and all your adopted feral negro ghettorats come looking for something to gnaw on.
Imagine your surprise (and our schadenfreude) to find that it's not a mutual admiration society.
How many of those trains just happen to be owned by Warren “I spend millions per year on tax attorneys” Buffet?
I saw this boom develop before my very eyes and have actually participated in it buy building crude loadout in TX and NM. Seeing what was going on firsthand, I had invested HEAVILY in tank car manufacturer stock... I am now pulling that money out for downpayment on a farm. Check out ARII, GBX, and TRN. The past 2 weeks alone have been crazy.
In the early days of the proposal, there was talk of it carrying as much as 100,000 bopd (wholly inadequate, but something), hauled in by truck or pipeline to SE Montana to go into the Keystone line.
I thought the expected Bakken loading would come from Montana.
That could be. Elm Coulee is still putting out. It all takes pressure off the system, and has significantly reduced the discount, especially the rail transport at this point. The first rail transport hub for Bakken crude in the area was located at Dore (very small town), along the highway between Trenton ND and Fairview MT. Another facility has been built at Buford, just a short way toward Trenton, ND from Dore since (and there are numerous others scattered around the Basin).
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