- As new pipelines can't keep up with exploding U.S. oil production, oil deliveries jumped 38% on trucks, 53% on barges and 400% on trains from 2011 to 2012, according to a WSJ article; just five years ago, large U.S. railroads carried just 9,500 carloads of crude, a figure expected to reach nearly 400K in 2013.
- The downside: More wear and tear on roads unsuited to heavy traffic and the potential for more damaging spills and accidents such as last month's train explosion in that killed nearly 50 people.
- It's a precursor to the construction of more than $40B in oil pipelines now under way or planned for the next few years; NuStar's (NS) Curt Anastasio says "we are in effect re-plumbing the country."
More U.S. oil is moving via truck, barge and train than any time since 1981
From other sites
at CNBC.com (Aug 25, 2014)
at CNBC.com (May 2, 2014)
at CNBC.com (Sep 11, 2013)
at CNBC.com (Oct 31, 2012)
at CNBC.com (Dec 16, 2011)
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