Rail transport of oil up 38 % in US this year
Fuel Fix:
Rail movements of oil have continued to soar in 2013, as the U.S. drilling boom forces more oil into the market than nation’s current pipeline network can handle, the Association of American Railroads reported Thursday.The totals will probably eventually decline as pipeline capacities is increased. Pipeline companies are investing heavily in new infrastructure, but with the growth of crude production rail will still be an important factor in the transport of oil.
In the United States alone, rail movements of petroleum and petroleum products are up 38 percent so far this year, when compared with 2012. In the last week, rail movements were up 8 percent from the same week last year.
Throughout North America, rail movements of petroleum and petroleum products rose 29 percent so far this year, compared with the same period in 2012, the organization said.
Rail: Crude-by-rail shipments soaring, but pace could slow
There have been nearly 776,000 carloads of petroleum and petroleum products moved in North America so far this year, the association said.
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