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Gold/Mining/Energy : Canadian Oil & Gas Companies -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (20855)	1/31/2013 12:58:41 PM
From: kidl	Read Replies (2) \| Respond to of 24905

Pipeline opponents says CN's crude-by-railcar pitch poses 'risk to company' VANCOUVER - Opponents of the Northern Gateway pipeline are threatening to turn their sights on CN Rail, as at least one Alberta oil company explores the possibility of transporting oil sands crude to the B.C. coast by rail. Sixteen environmental groups have signed a letter to CN CEO Claude Mongeau questioning the rail industry's safety record. The letter specifically cites a 2005 train derailment that spilled thousands of litres of oil and toxic chemicals into Lake Wabamun, in Alberta, and another accident the same year that dumped caustic soda into the Cheakamus River, killing half a million fish and poisoning the river for kilometres. The groups say that if CN decided to move forward with oil transport plans, it would face major opposition and risks to the company. The Port of Prince Rupert confirms that it has had "very preliminary" talks with Nexen Inc., about using trains to bring oil from Alberta to the north coast port city. Production in the Alberta oil sands has outstripped pipeline capacity, and several projects have been proposed to expand Pacific exports — including Enbridge's Northern Gateway pipeline into Kitimat and an expansion of Kinder Morgan's existing pipeline into Metro Vancouver.

To: Cogito Ergo Sum who wrote (20855)	2/6/2013 11:56:48 PM
From: Snowshoe	Read Replies (1) \| Respond to of 24905

More rail shipments coming on line... North Dakota's Bakken Oil Finally Hits the East Coast businessweek.com While some Bakken barrels have started arriving on the East Coast, a whole lot more are on their way in 2013. A number of projects scheduled to finish this year will more than double the amount of Bakken crude that finds its way to the East Coast, from about 300,000 barrels per day to more than 800,000, according to Eric Lee, an oil analyst at Citigroup (C). ***** At $93.39 a barrel, the spot price of Bakken crude is trading about $3 below the price of WTI and more than $23 below the price of Brent. Using a combination of rail and barges, it costs anywhere from $14 to $16 a barrel to get Bakken crude to the East Coast. At today’s prices, that still leaves a barrel of Bakken crude $7 cheaper than imported Brent, plenty of room to improve margins for refiners. “East Coast refiners will make that trade all day,” says Gheit. “Every dollar saved is a dollar made.”