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Replies to post #8167 on The Rising Influence of Rising Affluence
03/05/14 3:48 PM
(HES)—…even as crude gushes from the state's Bakken Shale at a rate of nearly 1 million barrels a day, some pipeline companies are abandoning proposed projects, and it is becoming clear that rail transport won't be a temporary phenomenon.
…Rail is almost always a more expensive way to transport crude than pipelines—as much as twice the price a barrel over similar distances. But in North Dakota's case, rail's greater flexibility to ferry oil to where it fetches the highest price trumped the economics of pipelines… Train operators moved three-fourths of all the oil pumped in North Dakota in December, according to the latest state estimates.
12/04/14 7:24 PM
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