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Canadian National could benefit from stalled pipeline
Excellent! Moving this extra oil by train will provide for many upgrades to the North American rail network. While I do not like the environmental conciquences of more tar sands development, I at least see a silver linning in that many rail corridors will see large amounts of investment to move these extra volumes, thus preserving these routes for the future and promoting a very sustainable form of transportation. Oil by train also significantly reduces the risk of a spill; if a bad derailment did occur, spillage would likely be limited to just a few tank cars.
John Knieling ptoposed a rail link as an alternative to the Alaska pipeline.
Nice for the railroad to have the traffic, but, this means the oil is going to Asia not the US
Can we remember what became of the proposed coal slurry pipelines of the 1970’s? That right, never happened so all that coal went by rial and mostly does to this day. I sure hope all this new petroleum goes that same way too. Rail is very efficient and environmentally sound. And unless you have a 100% derailment and spill of every railcar in a train, pipeline spills and leaks are much bigger.
Shouldn’t that have been “Keystone XL”? DPM is rolling!
The environmental groups that are opposed to the construction of the Keystone pipeline are also opposed to the shipment of crude oil compounds by rail, by truck or by barge, because of the potential for hazardous spills. The reality is, there is no form of transportation has a perfect safety record, but these same so-called environmentalists still expect their neighborhood service station to have gasoline available for them whenever they want it.
China has billions invested in the oil shale project and it is a Canadian product being shipped from Canada to the group that wants to pay the most for it. Anyone who thinks it should all be shipped only to the US so it will only be used here needs to check out last years numbers for US products exported and you will find that for the first time our number one export item was oil and oil related products like diesel fuel. It is a global economy and the product goes to the highest bidder.
funny how obama buddy buffett is now holding BNSF stock.
I would like to know just how much more efficient a major pipeline is over rail. I would like to see a cost comparison of rail vs. pipeline. I don’t mean rail rates vs. pipeline costs. I mean the cost of rail vs. the true cost of a pipeline. I would imagine that when the high initial cost of a pipeline is considered, rail costs in the near years might be quite competitive. If railroad owners are unwilling to price competitively, maybe some government agency should step in and do the job that encourages rail transportation.
During WWII solid tank car trains were operated between the Gulf Coast and the New York area to avoid the problems with the shipment being lost in a ship struck by torpedoes.
The pipeline decision was clearly another vote buying scheme by the Obamunists to appease their Enviro-Nazie followers as well as slamming private enterprise which is their parallel objective.
Drill - baby - drill !! pipe-it baby pipe-it !!!
God is great, beer is good and people are CRAZY !!!
Large oil pipelines have capacity rated around 400,000 barrels a day. Quick math makes that about 72,000 tons/day, ergo 7-8 unit trains of oil leaving every 24 hour period from Edmonton Alberta to tidewater at Rupert. assuming a 5 day turnaround there will be up to 40 trainsets moving at any time. Having watched with fascination the display of coal trains leaving Bill Wyoming i know this is not impossible but there is much infrastructure to put in place for this concept to fly. I sense the Chinese will make a second appearance in Canada building a National Railroad!
All people should read . This well show you the money connection of the World. Go to www.webofdebt.com .
I doubt there will be any better luck trying to build a railroad south from Alberta to Oklahoma. Present routes are circuitous. If the oil has to go east-west it will end up in Asia.
While I am a railroad fan, piping oil and gas is much safer for the environment than moving it by rail despite the highly publicized problems with pipelines in Canada.