Reuters3 years ago
Philadelphia-area energy officials are in talks with the local commuter rail agency to increase access to a three-mile stretch of rail near the city's airport to allow for greater shipments of Bakken crude oil, people familiar with the talks told Reuters. The outcome of the negotiations will determine whether Monroe Energy, the Delta subsidiary that runs the 165,000-barrel-a-day refinery in Trainer, Pennsylvania, will be able to reduce its reliance on oil shipped from the Gulf Coast and increase its intake of less-expensive Bakken crude. The discussions in Philadelphia provide a snapshot of the national debate over how to manage the country's rail assets amid the boom in shipping crude over the tracks. Once on life support, the Philadelphia area refining industry has been revived by rail deliveries of Bakken crude oil, giving refiners a less expensive option than importing foreign crude.