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Railroad oil capacity up more than 50 percent

via (AP) The Dickensen Press -- North Dakota’s capacity to export oil by rail has jumped more than 50 percent in June as shippers in the state increasingly turn to mile-long trains to move crude to markets not linked by pipelines.

The increase comes with a pair of crude-to-rail facilities built by Texas companies to move oil from the rich Bakken and Three Forks formations in western North Dakota’s Oil Patch.

Justin Kringstad, director of the North Dakota Pipeline Authority, said the rail terminals bring to 17 the number of facilities built in the state since 2008, as oil drillers have tabbed trains to ship crude due to lack of pipelines or more lucrative markets not served by them.

North Dakota now has the ability to ship at least 470,000 barrels of oil daily by rail, up from about 310,000 barrels. The capacity could

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Submitted Jun 20, 2012 By: EZExit

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Clayton2000 Champion Author South Carolina Posts:2,419 Points:492,155 Joined:Oct 2008	Message Posted: Jun 20, 2012 7:38:41 PM Ignore Clayton2000 Report Abuse no drop in prices
BigBob12345 Champion Author Gasbuddy Posts:1,521 Points:304,730 Joined:Aug 2011	Message Posted: Jun 20, 2012 7:38:32 PM Ignore BigBob12345 Report Abuse Move that oil!!!!!!!!!!!!!!!
Caribou2011 Champion Author Ohio Posts:3,771 Points:769,810 Joined:Feb 2011	Message Posted: Jun 20, 2012 7:38:13 PM Ignore Caribou2011 Report Abuse Ok
Piniewoods All-Star Author Jacksonville Posts:892 Points:461,190 Joined:Aug 2005	Message Posted: Jun 20, 2012 7:38:04 PM Ignore Piniewoods Report Abuse I've been working on the railroad....
amearly Champion Author Michigan Posts:12,129 Points:2,469,560 Joined:Jan 2006	Message Posted: Jun 20, 2012 7:29:25 PM Ignore amearly Report Abuse And still nothing that seems to help the consumer.
GSORIOS Sophomore Author California Posts:153 Points:8,030 Joined:Jun 2012	Message Posted: Jun 20, 2012 7:29:07 PM Ignore GSORIOS Report Abuse Great is should as gas prices are down.
theschmuck Champion Author Michigan Posts:2,927 Points:1,513,575 Joined:Mar 2007	Message Posted: Jun 20, 2012 7:28:43 PM Ignore theschmuck Report Abuse I agree with 'jwduke1' on this one and buffet and his cronies are getting their pockets lined really well.
nsdp Champion Author San Antonio Posts:1,117 Points:47,340 Joined:Jun 2012	Message Posted: Jun 20, 2012 7:27:42 PM Ignore nsdp Report Abuse People if this were an employment test and you answered that Warren Buffett or BNSF was the big winner here you would have just scored a big 0 on the test. Canadian National though the old Duluth, Winnipeg and Pacific RR and interchange with the old Wisconsin Central control most of the cargoes between the Bakken and Chicago Yards. There to the refineries in the Chicago area is handled locally. BNSF has access to one of the new terminals and ships to Wood River. Building new refineries in ND makes no sense safety wise because you are pushing hazardous materials, Gasoline and jet fuel, though the lines instead of crude oil which is noncombustible. If production in the Bakken and the Eagle Ford increase to 1m barrels/day as projected there will be no refining capacity available to process the tar sands. Keystone will become another Bridge to NOwhere. The current loop expansion of Seaway Pipeline and reversal of flow from Cushing to Freeport will eliminate any use for Keystone between Cushing and the Gulf Coast for half the cost. At 1mbpd the Bakken will need its own dedicated pipeline to the Illinois, Indiana, and Ohio refineries. For the benefit of those who think Keystone is a good idea , I have the Huey P Long Bridge for sale. As a special offer to posters here I will sell two, one in NO and one in Baton Rouge. for the price of one.
Heltonw Champion Author Montana Posts:3,319 Points:1,661,315 Joined:Dec 2007	Message Posted: Jun 20, 2012 7:22:10 PM Ignore Heltonw Report Abuse Build the pipeline.
jwduke1 Champion Author Iowa Posts:15,604 Points:3,068,265 Joined:Apr 2004	Message Posted: Jun 20, 2012 7:21:55 PM Ignore jwduke1 Report Abuse Warren Buffet is getting rich on this deal.....more of Ovomits crony capitalism!
vjs3 Champion Author Denver Posts:2,547 Points:650,890 Joined:Jun 2011	Message Posted: Jun 20, 2012 7:21:15 PM Ignore vjs3 Report Abuse Good news for North Dakota!
mobil1MN All-Star Author Minnesota Posts:664 Points:1,294,635 Joined:Sep 2007	Message Posted: Jun 20, 2012 7:17:52 PM Ignore mobil1MN Report Abuse way to go N D
mycar2 Champion Author Akron Posts:2,115 Points:2,359,840 Joined:Apr 2004	Message Posted: Jun 20, 2012 7:09:27 PM Ignore mycar2 Report Abuse good
skyking19 Champion Author Little Rock Posts:2,006 Points:1,700,790 Joined:Jan 2007	Message Posted: Jun 20, 2012 7:08:07 PM Ignore skyking19 Report Abuse Good for the economy of many associated with this activity.
balljars Champion Author Michigan Posts:8,113 Points:1,610,595 Joined:Aug 2008	Message Posted: Jun 20, 2012 7:02:34 PM Ignore balljars Report Abuse Good for N.D.
adr47 Champion Author Saskatchewan Posts:5,667 Points:1,178,750 Joined:Nov 2008	Message Posted: Jun 20, 2012 7:01:55 PM Ignore adr47 Report Abuse Cash for railroads
TXHUNTER1 Champion Author Austin Posts:2,711 Points:295,435 Joined:Dec 2006	Message Posted: Jun 20, 2012 6:59:07 PM Ignore TXHUNTER1 Report Abuse Good.
MRHONEST Champion Author Illinois Posts:2,212 Points:1,676,430 Joined:May 2007	Message Posted: Jun 20, 2012 6:59:04 PM Ignore MRHONEST Report Abuse SWEET
Blue48 Champion Author Illinois Posts:7,315 Points:1,639,895 Joined:Feb 2007	Message Posted: Jun 20, 2012 6:58:55 PM Ignore Blue48 Report Abuse GOOD NEWS FOR THEM!
STLcardsfan Champion Author St. Louis Posts:1,039 Points:1,375,310 Joined:Apr 2006	Message Posted: Jun 20, 2012 6:57:10 PM Ignore STLcardsfan Report Abuse Nice
jtfftj Champion Author New Hampshire Posts:2,181 Points:1,250,030 Joined:Sep 2005	Message Posted: Jun 20, 2012 6:55:49 PM Ignore jtfftj Report Abuse Good for them.
toadNY Champion Author Albany Posts:7,052 Points:1,515,100 Joined:Apr 2008	Message Posted: Jun 20, 2012 6:54:33 PM Ignore toadNY Report Abuse Maybe the railways will now make some money.
jcotaxi Champion Author South Bend Posts:1,765 Points:361,055 Joined:Jun 2011	Message Posted: Jun 20, 2012 6:46:44 PM Ignore jcotaxi Report Abuse Don't forget - Warren Buffett bought into the railroad business big time within the last few years.
stevencr Champion Author Ohio Posts:5,661 Points:1,435,740 Joined:Mar 2009	Message Posted: Jun 20, 2012 6:41:00 PM Ignore stevencr Report Abuse Where there is a will, there is a way.
g747 Champion Author Mobile Posts:4,551 Points:935,620 Joined:Jul 2009	Message Posted: Jun 20, 2012 6:39:29 PM Ignore g747 Report Abuse North Dakota you have to do whatever means necessary!!!!!!!!!!!!!!!.
g747 Champion Author Mobile Posts:4,551 Points:935,620 Joined:Jul 2009	Message Posted: Jun 20, 2012 6:38:19 PM Ignore g747 Report Abuse N
Gascapade Champion Author Fort Worth Posts:3,027 Points:482,905 Joined:Mar 2009	Message Posted: Jun 20, 2012 6:38:10 PM Ignore Gascapade Report Abuse Good, rail's a very energy efficient transport,(other than pipeline)...
Topshopper2011 Champion Author New Jersey Posts:1,013 Points:277,340 Joined:Aug 2011	Message Posted: Jun 20, 2012 6:36:02 PM Ignore Topshopper2011 Report Abuse Sounds good but maintain the train tracks for safety reasons!
joeborge Champion Author Ventura Posts:2,536 Points:905,555 Joined:Jul 2004	Message Posted: Jun 20, 2012 6:34:31 PM Ignore joeborge Report Abuse ok
streetcars Champion Author Toledo Posts:12,274 Points:2,608,590 Joined:Apr 2005	Message Posted: Jun 20, 2012 6:32:56 PM Ignore streetcars Report Abuse This is stupid. Pipeline would be safer and more efficient.
blueeye All-Star Author Pennsylvania Posts:767 Points:610,085 Joined:Apr 2008	Message Posted: Jun 20, 2012 6:31:33 PM Ignore blueeye Report Abuse Back to the rail
rf6480 Champion Author Miami Posts:1,538 Points:549,510 Joined:Mar 2011	Message Posted: Jun 20, 2012 6:28:15 PM Ignore rf6480 Report Abuse this is good yes?
jimbo1867 Champion Author Arizona Posts:5,382 Points:2,056,500 Joined:Apr 2005	Message Posted: Jun 20, 2012 6:26:02 PM Ignore jimbo1867 Report Abuse cool
soakmonkey Champion Author Nevada Posts:1,448 Points:1,006,475 Joined:Feb 2007	Message Posted: Jun 20, 2012 6:25:47 PM Ignore soakmonkey Report Abuse hmm
REKEY Champion Author South Carolina Posts:8,589 Points:1,701,365 Joined:May 2008	Message Posted: Jun 20, 2012 6:24:29 PM Ignore REKEY Report Abuse Pipeline more likely to leak!
livedream Champion Author Michigan Posts:3,695 Points:757,010 Joined:Mar 2011	Message Posted: Jun 20, 2012 6:24:15 PM Ignore livedream Report Abuse From the article: "North Dakota, the nation’s No. 2 oil producer behind Texas, produced a record 18.2 million barrels of crude in April, up 10.5 million barrels from the same month a year ago, state records show." Wow! -- OK, so WHY are we still being gouged over $3.50 per gallon of gasoline at the pump when we have such a surplus?? -- That, with the combined current price of crude at $84 dollars a barrel, means we're being raked over the coals by Big Oil -- once again!!
dinomen Champion Author Arkansas Posts:1,882 Points:718,685 Joined:May 2010	Message Posted: Jun 20, 2012 6:22:34 PM Ignore dinomen Report Abuse Good.
DJRIO Champion Author Miami Posts:8,056 Points:1,427,535 Joined:Jan 2008	Message Posted: Jun 20, 2012 6:22:32 PM Ignore DJRIO Report Abuse pipeline is cheaper and faster than the train
themaninthehat Champion Author New Orleans Posts:1,824 Points:472,265 Joined:Feb 2011	Message Posted: Jun 20, 2012 6:21:18 PM Ignore themaninthehat Report Abuse So Take the Train!
mconley1967 All-Star Author Louisville Posts:586 Points:360,980 Joined:Mar 2012	Message Posted: Jun 20, 2012 6:13:47 PM Ignore mconley1967 Report Abuse Ok
ItisAJeepThing Champion Author Tucson Posts:19,765 Points:2,153,530 Joined:Oct 2006	Message Posted: Jun 20, 2012 6:12:50 PM Ignore ItisAJeepThing Report Abuse GOOD! We don't need the Keystone XL pipeline to take Canadian and North Dakota oil to the Gulf Coast where it will be just trans-shipped to the Orient. Trains can take the crude to any refinery that needs it. Then refine the crude in American refineries and keep all of the fuel produced in North America until our prices drop to about $2.509 per gallon for gasoline AND diesel.
DustyHorse Champion Author Virginia Posts:6,093 Points:1,393,570 Joined:Oct 2008	Message Posted: Jun 20, 2012 6:11:17 PM Ignore DustyHorse Report Abuse A pipeline would be much safer. Unfortunately, our current president doesn't see it that way.
fire@53 Champion Author Philadelphia Posts:11,838 Points:2,771,025 Joined:May 2003	Message Posted: Jun 20, 2012 6:09:34 PM Ignore fire@53 Report Abuse Keep the oil in the US and not ship it overseas!
99church Champion Author Indiana Posts:1,831 Points:363,990 Joined:Oct 2011	Message Posted: Jun 20, 2012 6:09:27 PM Ignore 99church Report Abuse We need a fefinery in there someplace
jodybull All-Star Author El Paso Posts:767 Points:140,880 Joined:May 2012	Message Posted: Jun 20, 2012 6:09:26 PM Ignore jodybull Report Abuse Good that N.D. has that resource.
paulydel Champion Author Delaware Posts:8,799 Points:848,800 Joined:Jan 2008	Message Posted: Jun 20, 2012 6:09:20 PM Ignore paulydel Report Abuse I'd say this is a pretty good idea.
EJH22 Veteran Author Detroit Posts:468 Points:444,320 Joined:Aug 2011	Message Posted: Jun 20, 2012 6:07:25 PM Ignore EJH22 Report Abuse good
thirty8paces Champion Author Baltimore Posts:4,526 Points:1,108,080 Joined:Sep 2008	Message Posted: Jun 20, 2012 6:07:23 PM Ignore thirty8paces Report Abuse Good news for them.
sickhp Champion Author San Antonio Posts:1,384 Points:518,855 Joined:Sep 2011	Message Posted: Jun 20, 2012 6:06:22 PM Ignore sickhp Report Abuse Awesome and drill baby drill.
danreino Champion Author Twin Cities Posts:8,363 Points:1,542,680 Joined:Mar 2008	Message Posted: Jun 20, 2012 6:02:25 PM Ignore danreino Report Abuse Pittsburgh.
Focus2 Champion Author Illinois Posts:7,892 Points:1,919,465 Joined:Mar 2006	Message Posted: Jun 20, 2012 6:00:12 PM Ignore Focus2 Report Abuse We don't need the Keystone pipeline, we already have the Embridge pipeline from Canada to Illinois, Missouri and Cushing Oklahoma.