- Shipments of crude oil by rail from western Canada are expected to more than triple in the next two years to ~700K bbl/day in 2016 from 200K in late 2013 amid a severe shortage in pipeline capacity, according to the annual forecast from the Canadian Association of Petroleum Producers.
- Rail transportation is widely regarded as more dangerous than pipelines, but oil trains can be ramped up fast in response to market demand because they are not as regulated as pipelines.
- Oil supplies in western Canada from the oil sands and from new shale plays continue to increase, while four major pipeline projects - Keystone XL (TRP), the TransMountain expansion (KMI, KMP), Northern Gateway (ENB) and Energy East - await regulatory approval and construction.
Crude-by-rail shipments from western Canada seen tripling in next two years
From other sites
at CNBC.com (Feb 24, 2015)
at Investor's Business Daily (Feb 13, 2015)
at Investor's Business Daily (Feb 3, 2015)
at CNBC.com (Jan 15, 2015)
at Investor's Business Daily (Jan 9, 2015)
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