Working on the railroads

03/04/2013
The rapid increase of North American crude production has resulted in pipeline bottlenecks in some areas, forcing more reliance on rail transportation to access some of the highest-value markets, said analysts with PIRA Energy Group in New York. President Obama in his second inaugural speech called for a $50 billion upgrade of the US transportation infrastructure, including rail, that political analysts say will be hard to finance. Now PIRA Energy analysts have partnered with Transportation Economics LLC of Lebanon, Penn., for a multi-client study of the growing need to transport crude by rail from producing regions with limited pipeline capacity to refining centers in North America. They...
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