Saturday, June 14, 2014

U.S. Rail Transportation of Crude Oil

"North America is experiencing a boom in crude oil supply, primarily due to growing production
in the Canadian oil sands and the recent expansion of shale oil production from the Bakken fields
in North Dakota and Montana as well as the Eagle Ford and Permian Basins in Texas. Taken
together, these new supplies are fundamentally changing the U.S. oil supply-demand balance. The
United States now meets 66% of its crude oil demand from production in North America,
displacing imports from overseas and positioning the United States to have excess oil and refined
products supplies in some regions..."

U.S. rail/crude transportation

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