Economy

mahatmakanejeeves

(60,944 posts)

68. Is crude by rail doomed?

Reply to mahatmakanejeeves (Original post)

Tue Mar 24, 2020, 06:30 AM

Mar 2020

There's not anything about safety, but the post is about crude by rail.

Western Railroad Discussion > Is crude by rail doomed?
Date: 03/22/20 16:49
Is crude by rail doomed?
Author: Lackawanna484

The Wall Street Journal had a weekend piece on US crude oil prices. With US oil prices around $30, rail is an expensive way to move crude oil.

Bakken to East coast is about $12 for The railroad, give or take a little. Alberta to Louisiana is about $16, on Canadian oil that sells for $25.

This matters because railroads are increasingly dependent on crude oil as coal traffic drops. Pipe lines are filled.

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