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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (54972)	2/20/2019 7:20:47 AM
From: Goose94	Read Replies (1) of 203207

Canadian National Railway (CNR-T) Premier Rachel Notley has announced plans to spend $3.7-billion to lease thousands of rails cars to ship Alberta crude. Ms. Notley said the government will lease 4,400 rail cars that will ship 120,000 barrels of crude a day by next year. The first cars are expected to be in service by July, she said, and the province has signed contracts with Canadian Pacific Railway (CP-T) and Canadian National Railway to transport the cars. The crude-by-rail program is part of a series of measures designed to increase the price and market for Alberta oil, including production limits that took effect on Jan. 1. The government is also handing out billions in grants and loan guarantees to expand upgrading and refining. Ms. Notley said: "Rather than produce less, we have to find ways to move more. While pipelines will always be the best, most efficient and most economical long-term solution, we must take action today to provide more relief to our energy workers and the families who rely on these good jobs across this province and this country." The Alberta Petroleum Marketing Commission will purchase oil from producers and then market it.

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