Who is it again, who’s been investing in railroad companies? I think it’s some sort of Buffet or restaraunt company with deep pockets and political influence?
Well, that’s certainly much better than trying to move it through some stupid pipeline where it would get handled a lot less. Thankfully trains never derail whereas pipelines are rupturing almost hourly. Lucky there were no rail cars on the ferry that just crashed in NYC huh?
Molon labe!
Maybe I should look for a bump in that PSX stock.
Interesting. There’s an extensive rail network in place around BayWay. It pretty packed in though with the storage tanks and residential area of Elizabeth though so perhaps there’s no room to make a depot to offload the oil from the rail cars directly.
Definitely good news for this area of New Jersey.
Come back home to the refinery
Hiring man said “son if it was up to me”
100 rail tank cars every day ?
I wish Freepers would actually research the facts before mouthing off about topics they do not understand. Phillips 66’s deal involves a single-line movement by Canadian Pacific Railway from North Dakota to a barge dock in Albany, NY, then downriver to Bayway, New Jersey.
BNSF handles crude oil from North Dakota to eastern connections at Chicago (CSXT and Norfolk Southern) bound for northeastern refineries as well. I’m unaware of any pipelines being proposed from the Bakken region to the Northeast. Furthermore, Bakken production far exceeds any proposed future pipeline capacity to Texas, Oklahoma and Louisiana, so the rail option is needed regardless.