Posted on 08/15/2018 10:11:22 AM PDT by bananaman22
Crude-by-Rail (CBR) has been a savior for North American producers seeking higher returns for heavily discounted crudes caused by a lack of pipeline take-away capacity. And CBR, once again, is on the rise. North American shipments of petroleum and petroleum products are up over 10% year-to-date compared to 2017. In May 2018, nearly 200,000 barrels per day were shipped by rail from Canada to the U.S., nearly five times that of June 2016. But, the story of CBR is really about how price differentials became so large in certain regions.
(Excerpt) Read more at oilprice.com ...
Who owns the rails?
Warren Buffet
“Who owns the rails?”
probably Warren Buffett ...
It pays to be a liberal - Right Warren?
. . . basically was killed by John D. Rockefeller Senior’s oil pipelines back in the day . . .
"Owns....Owns!"
Bingo!
You guys beat me to it.
That was my first thought as well, this had to be a propaganda piece by some Buffett minion.
And Mr. Buffet pays big money to stop the pipeline competition. Some Indians have gotten rich by licking his hand.
TWB
Yep.
“basically was killed by John D. Rockefeller Senior’s oil pipelines back in the day”
indeed. ol’ J.D. was breaking the railroad monopoly on hauling his kerosene so he could preserve his own monopoly on kerosene ...
Ask the relatives of the 47 people who died in Quebec from the run away oil train.
Lac-Megantic: The runaway train that destroyed a town
https://www.bbc.com/news/world-us-canada-42548824
Warren Buffet owns BNSF, but Deplorable American owns shares in CSX, NorfolkSouthern and G&W...
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.