Plains All American's (PAA) purchase of five crude oil rail terminals is a sign that big players...

|About: Plains All American Pipelin... (PAA)|By:, SA News Editor

Plains All American's (PAA) purchase of five crude oil rail terminals is a sign that big players are betting against a big narrowing of Brent-WTI prices any time soon, Robert Campbell writes. PAA has staked $500M on a belief that inland and perhaps Gulf Coast crude prices will remain sufficiently depressed to support very high-cost movements to the U.S. coasts for years to come.