Rail benefits from pipeline squeeze

North American producers turn increasingly to rail as pipeline plans totter under pressure; CIBC predicts 900,000 bpd growth by 2016

Gary Park

For Petroleum News Bakken

Once seen as merely a chance to fill the gap during the transition to rapid expansion of crude oil pipelines across North America, rail just keeps rolling along. Recent analysts’ reports, notably one from CIBC World Markets, warn that strained pipeline systems and a glut of new crude volumes, mostly....

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Startup opts for rail

Rail estimated to move 4%

Pipelines believe it’s temporary

Oil production expected to surge

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