Rail.; To where?
*******
I was assuming Cushing OK based upon the quotes in the article.
....
The chief executive of TransCanada said Wednesday if the Obama administration doesnt
approve the controversial Keystone XL pipeline his company will look to the more
dangerous alternative of building build rail terminals in Alberta and Oklahoma.
....
.....
Girling said theyll consider building a rail terminal in Hardisty, Alberta where
the pipeline would have started. He said he will also consider building an
import terminal in Cushing, Oklahoma, site of the biggest U.S. oil storage hub.
I don’t know the rail miles to that location. I suspect that point won’t take in the full volume of the proposed Keystone XL pipeline.
From an oil company perspective, I think the only numbers that really matter is:
The pipeline transportation of crude oil is inherently more cost effective than its movement by rail. Shipping the bitumen to the Gulf Coast by pipeline, the State Department estimates, costs about $10 per barrel, while shipping by rail costs about $30 per barrel.
And that is from a pro-rail, anti-pipeline article.