The two previous blogs in this series highlighted the critical role that the rails play in transporting crude oil. They also noted that the surge in derailments is raising serious questions about the safety of using rail transportation. In addition, as a result the large drop in the price per barrel, below the estimated breakeven […]
Shipping Crude Oil by Rail – Will Economics Trump Safety? Part 3 – What can be done to improve the Safety and Profitability of Shipping Crude Oil by Rail?
The business case for shipping crude oil by rail was outlined in the previous blog. The rapid growth in the production of oil in Canada and the United States coupled with the flexibility and efficiency of shipping crude oil by rail has seen the volumes moving via this mode increase 5000 percent growth rate over […]
Shipping Crude Oil by Rail – Will Economics Trump Safety? Part 1 – Why Move Crude Oil by Rail?
10 years ago
Volume of Crude Oil Moving by Rail in the United States and Canada U.S. crude oil production has risen sharply in recent years, with much of the increased output moving by rail. In 2008, U.S. Class I railroads originated 9,500 carloads of crude oil. In 2013, they originated 407,761 carloads. In the first half of […]
