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To: The Great RJ

I think delivery by train has overtaken the whole game. Union Pacific has brought on a fantastic number of oil transport cars over the last two years and clearing tons of profit...moving oil. The whole matter is null and void as far as I can see it....the oil is moving and the environmental idiots really got nothing out of this. Same with fracking....it’s too late to really affect any state, and they all have a taste of profit.


8 posted on 08/01/2013 8:28:57 AM PDT by pepsionice
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To: pepsionice

I think delivery by train has overtaken the whole game.

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Rail delivery of U.S. oil and petroleum products continues to increase, but pace slows
http://www.eia.gov/todayinenergy/detail.cfm?id=12031
JULY 10, 2013

The roughly 700,000 barrels per day of crude oil, which includes both imported and domestic crude oil...

That compared with the 16 million barrels a day we refined. While rail is growing in percentage compared to previous years, it remains a rather small player in the movement of oil. In North Dakota, however, it moves more than half the oil the state produces.


14 posted on 08/01/2013 8:56:58 AM PDT by thackney (life is fragile, handle with prayer)
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To: pepsionice
Profits will remain big as long as there's no pipeline.
I would look to bail out on anyone who is long on tank cars as the 2016 election approaches.
19 posted on 08/01/2013 9:48:49 AM PDT by Eric in the Ozarks ("Say Not the Struggle Naught Availeth.")
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