New Canadian rail terminal can move 250,000 barrels of oil sands a day
With limited pipeline options to ship oil sands crude out of Canada, Exxon Mobil Corp. plans to move up to 100,000 barrels per day of Canadian oil using a new rail terminal that should be running by 2015, an executive said Thursday.This demonstrates that there are ways around the artificial scarcity boondoggles of Big Green and their Democrat allies. I would not be surprised to see the northern tier of the Keystone XL being built right up to a terminal on this side of border where the trains can unload the oil into the pipeline. The product is going to move as long as their is world demand for oil. Even if it did not come to the US it would go somewhere else and we would get oil form somewhere else to make up for it. All Big Green is doing is exporting jobs to other countries and hurting America's poor who will have to pay higher prices.
The terminal, to be constructed in Alberta, will cost up to $250 million if it is built to a maximum capacity of 250,000 barrels of oil per day, said David Rosenthal, Exxon Mobil’s vice president of investor relations, during a conference call with analysts.
Keystone XL: TransCanada will look at rail if pipeline is rejected
The rail terminal is being developed by Kinder Morgan and Imperial Oil at an initial cost of $170 million. Exxon Mobil has a 70 percent ownership stake in Imperial Oil.