Quoted from an article about about the Keystone XL Pipeline, "A Presidential Decision That Could Change the World"
"With no other pipelines in the offing, tar sands producers are increasing their reliance on deliveries by rail. This is producing boom times for some long-haul freight carriiers, but will never prove sufficient to move the millions of barrels in added daily output expected from projects now coming on line."
Anybody have info on how this impacts CSX?
For those interested in reading the whole article, Google the phrase, "Keystone XL: A Presidential" to find it.
Instead of being shipped by rail to eastern refineries the glut of Baaken oil will be piped down to the Gulf coast refineries.It will take the oil train dreams of CSX to the hopper when complete.Obama might even do it in his state of the union address.Great political move and fills our refineries with mostly our oil.
Funny that you say "and fills our refineries with mostly our oil." Wouldn't that be great if it were true? -- but it's not.
Google the phrase, "Cashing in on Canada's tar" and look at the ownership of the largest producers of tar sands oil. The destination of the tar sands oil are the Gulf Coast refineries, where many of them are in Foriegn Trade Zones -- product will be exported to international buyers without paying U.S. taxes. Maybe Obama should also add that to his State of the Union Address, eh?