Thursday, April 02, 2015

Million barrels of oil per day riding U.S. rails

More than 1 million barrels of crude oil move by train across the United States every day, according to data published for the first time by the government on Tuesday. The volume of crude shipped by rail has increased more than 50-fold in five years, from just 630,000 barrels in January 2010 to 33.7 million barrels in January 2015, the Energy Information Administration (EIA) revealed in its first monthly report on movements of oil by rail. Railroads have become an essential part of the American energy revolution. Without the massive unit trains hauling 100 tank cars or more loaded with crude from the shale fields to refineries, U.S. crude production could not have grown so quickly over the last five years...more

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