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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Dennis Roth who wrote (175540)	1/14/2013 11:57:21 AM
From: kidl	2 Recommendations Respond to of 206104

More than 200,000 train cars of oil will have been shipped in 2012, the most since World War II http://www.bloomberg.com/news/2013-01-14/oil-industry-beats-buffett-in-railroad-investments-surge-energy.html?cmpid=yhoo

To: Dennis Roth who wrote (175540)	1/30/2013 2:25:01 PM
From: Dennis Roth	2 Recommendations Respond to of 206104

Nexen closer to moving crude oil to West Coast by train theglobeandmail.com ...Rail has become an increasingly viable option for oil movement, with Scotiabank on Tuesday estimating as much as 300,000 barrels per day of Canadian oil are now moving by train... ...Prince Rupert possesses North America’s deepest natural harbour and the shortest distance to many Asian ports from any port outside Alaska. The use of already-built track could also skirt some of the regulatory conflict provoked by Northern Gateway, the planned Enbridge Inc. pipeline to the B.C. coast. Though environmental scrutiny would be applied to the construction of tanks and a terminal, oil can move freely today on train tank cars. An export terminal alone would be far cheaper than the $6.5-billion Northern Gateway project, although the per-barrel cost of moving oil by trains could be higher. “Railing oil is not as safe and not as cheap as pipelining it. So in the long term, that is probably not the best solution,” said Marcel Coutu, chief executive officer of Canadian Oil Sands Ltd. In the shorter term, however, pipeline problems will cause industry to look at options such as rail, he said... ---- With pipelines under attack, railways lead race to move oil theglobeandmail.com ...The industry itself acknowledges that trains have nearly three times the number of spills as pipelines. The U.S. State Department found that, when moving liquids, trains have a death rate three times higher than pipelines and a fire or explosion rate nine times higher... ...“If you’re against pipelines, then you have to think about what the alternatives are – and are they better than pipelines,” says Terry Lake, the British Columbia Minister of Environment. He is part of a government that has harshly questioned the Enbridge Inc. Northern Gateway project, and laid out a set of strict criteria that have become an obstacle to constructing new pipelines. Now that oil has begun to move through British Columbia on trains, however, the B.C. government has had to consider the potential unintended consequences of blocking pipelines...