Not Logged In Log In   Sign Up   Points Leaders
Follow Us    11:24 PM

GasBuddy News Article

39
votes
CP Rail oil shipment deal signals rail transport no longer stopgap measure

National Post -- Canadian Pacific Railway Ltd., fresh from a tumultuous year of management and board shakeups that saw veteran railroader Hunter Harrison installed as chief executive officer after a bitter proxy battle, is hitching a ride on the great U.S. petroleum revival.

The Calgary-based company has emerged as the middleman in a five-year deal between Phillips 66, the refining arm of ConocoPhillips Co., and Massachusetts-based logistics provider Global Partners LP to ship roughly 50,000 barrels of crude oil per day from North Dakota’s roaring Bakken oil field to a refinery in Linden, New Jersey.

Over five years, the equivalent of roughly 91 million barrels of oil will be transported via CP’s rail network from a loading facility in Stampede, N.D., to a Global terminal in Albany, N.Y., potentially ...


Read the Full Article

Submitted Jan 11, 2013 By: BurntOrange
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: CP Rail oil shipment deal signals rail transport no longer stopgap measure Back to Topics
REPLIES (newest first) Post a Reply
jrs4125
Champion Author Indiana

Posts:4,989
Points:1,342,385
Joined:Sep 2011
Message Posted: Jan 12, 2013 3:29:47 AM

ok
sljbc475
Champion Author Tucson

Posts:7,419
Points:1,642,100
Joined:Dec 2010
Message Posted: Jan 11, 2013 10:01:15 AM

Utilizing transportation that has been around for years.
eschroth442
Champion Author Cleveland

Posts:3,084
Points:856,390
Joined:Nov 2011
Message Posted: Jan 11, 2013 9:24:08 AM

warren buffet keeps making a fortune and crude is moved. But the pipeline would have been better
fuel2use
Champion Author Seattle

Posts:5,559
Points:1,294,015
Joined:Dec 2010
Message Posted: Jan 11, 2013 8:42:38 AM

Existing infrastructure.
merlinCO
Champion Author Colorado

Posts:4,869
Points:1,108,935
Joined:Mar 2012
Message Posted: Jan 11, 2013 7:48:47 AM

Yeah...screw the pipeline.
fencemanNY
Veteran Author New York

Posts:454
Points:545,935
Joined:Jul 2008
Message Posted: Jan 11, 2013 6:03:54 AM

Now thats what I'm talkin about.
skippypa
Champion Author Hawaii

Posts:11,723
Points:2,515,730
Joined:Jun 2008
Message Posted: Jan 11, 2013 5:15:47 AM

Good news for the railroad
pscamp
Champion Author Ottawa

Posts:7,459
Points:1,101,230
Joined:May 2011
Message Posted: Jan 11, 2013 5:04:32 AM

Whatever
hokieburgh
Champion Author Virginia

Posts:1,869
Points:1,137,170
Joined:Feb 2007
Message Posted: Jan 11, 2013 4:28:44 AM

excellent news for the rail industry
sprocketsplines
Champion Author Washington

Posts:4,852
Points:1,614,910
Joined:Oct 2010
Message Posted: Jan 11, 2013 12:48:54 AM

The oil boom will keep the railroads running at their full carrying capacity even if the pipelines get built.
Delight777
Sophomore Author Cleveland

Posts:244
Points:992,240
Joined:Oct 2011
Message Posted: Jan 11, 2013 12:46:29 AM

Good!
Bruno44
Champion Author Texas

Posts:10,215
Points:2,520,980
Joined:Sep 2007
Message Posted: Jan 11, 2013 12:44:33 AM

Whatever it takes.
comprof
Champion Author Houston

Posts:10,336
Points:2,128,065
Joined:Jul 2009
Message Posted: Jan 11, 2013 12:42:21 AM

Good for the deteriorating US rail system but we still need the pipelines.
probedude2
Champion Author Akron

Posts:15,791
Points:3,152,980
Joined:Jun 2003
Message Posted: Jan 11, 2013 12:41:43 AM

Oil on rails all the way to New Jersey? Give thanks to Obama!
Suzzoom
Champion Author Nevada

Posts:5,448
Points:1,269,260
Joined:Jan 2011
Message Posted: Jan 11, 2013 12:34:23 AM

I'd trust the railroads before I'd trust a pipeline.
TIGERPAW46
Champion Author Florida

Posts:10,414
Points:2,109,955
Joined:Mar 2004
Message Posted: Jan 11, 2013 12:32:00 AM

The Canadian oil pipeline was also suppose to have a branch to pick up oil from the west & pump it to the East coast area.
gman617
Champion Author Illinois

Posts:4,217
Points:1,045,225
Joined:Jul 2012
Message Posted: Jan 11, 2013 12:30:31 AM

Maybe Amtrak can get in on this?
pinofl
Veteran Author Miami

Posts:364
Points:70,145
Joined:Dec 2012
Message Posted: Jan 11, 2013 12:29:14 AM

good
kgbellman
Champion Author Ann Arbor

Posts:5,904
Points:1,504,335
Joined:Mar 2011
Message Posted: Jan 11, 2013 12:23:57 AM

Seems like a perfect match
bby
Champion Author Twin Cities

Posts:8,065
Points:1,677,990
Joined:Nov 2009
Message Posted: Jan 11, 2013 12:23:36 AM

Ok
Zing20
Champion Author Fresno

Posts:1,313
Points:834,550
Joined:Nov 2012
Message Posted: Jan 11, 2013 12:22:51 AM

Good
2khawk
Champion Author Iowa

Posts:8,633
Points:1,701,560
Joined:Oct 2010
Message Posted: Jan 11, 2013 12:21:08 AM

We don't have railroad companies here in the U.S.? I thought we were supposed to be creating jobs here. Oh that's right, Obama won the election.
yonasb
Champion Author Houston

Posts:3,463
Points:852,575
Joined:Apr 2011
Message Posted: Jan 11, 2013 12:19:57 AM

Hope it works this time
Prodaddy
Champion Author Houston

Posts:11,547
Points:2,659,095
Joined:May 2007
Message Posted: Jan 11, 2013 12:18:30 AM

Rail could be a good way to ship oil
LKnight598
Champion Author South Carolina

Posts:2,458
Points:548,420
Joined:Nov 2005
Message Posted: Jan 11, 2013 12:18:27 AM

Think a pipeline would be more efficient!
hybridaholic
Champion Author Appleton

Posts:11,652
Points:2,322,455
Joined:Dec 2008
Message Posted: Jan 11, 2013 12:17:51 AM

Get er done.
DirtDauber
Champion Author San Antonio

Posts:10,015
Points:2,402,915
Joined:Nov 2005
Message Posted: Jan 11, 2013 12:16:13 AM

Someone has to do it.
roadrunnerMO
Champion Author Kansas

Posts:11,654
Points:2,474,565
Joined:Jul 2008
Message Posted: Jan 11, 2013 12:12:27 AM

Canadian business ventures sure beat the heck out of our pro-business ventures here in U.S. Of course our so-called leader is either on vacation or out golfing all the time.
Thomtec
Champion Author Nashville

Posts:5,620
Points:1,375,705
Joined:May 2011
Message Posted: Jan 11, 2013 12:11:04 AM

Ok
Tigercat88
Champion Author North Carolina

Posts:6,435
Points:1,392,890
Joined:Jul 2011
Message Posted: Jan 11, 2013 12:10:06 AM

Good for them.
shea33
Champion Author Pensacola

Posts:5,539
Points:1,306,520
Joined:Oct 2011
Message Posted: Jan 11, 2013 12:09:51 AM

We could learn from North of the Border on some stuff
TBONE3
Champion Author Pennsylvania

Posts:10,829
Points:2,427,350
Joined:Mar 2005
Message Posted: Jan 11, 2013 12:08:14 AM

Correct obimerrill.
obimerrill
Champion Author Cincinnati

Posts:4,674
Points:1,064,665
Joined:Jul 2012
Message Posted: Jan 11, 2013 12:01:55 AM

Nice, but Canada gets revenue because Obama won't allow pipelines...more US jobs gone!
GAS1251
Champion Author Texas

Posts:8,391
Points:2,400,885
Joined:Jun 2008
Message Posted: Jan 11, 2013 12:00:26 AM

had to do something to get around the pipeline blues.
Bill100
Champion Author Grand Rapids

Posts:45,919
Points:1,888,155
Joined:Jan 2010
Message Posted: Jan 10, 2013 11:57:17 PM

Pipelines when possible. Rail otherwise. Trucks for local deliveries.
uglytom
Champion Author Florida

Posts:7,464
Points:1,542,015
Joined:Jul 2007
Message Posted: Jan 10, 2013 11:55:39 PM

Why not fly it there and cut out all the stops?
Z51Corvette
Champion Author Austin

Posts:11,139
Points:2,355,980
Joined:Jan 2008
Message Posted: Jan 10, 2013 11:54:19 PM

This is a sad state of affairs. This should be traveling by PIPELINE!

It's A LOT safer!
defiancegasman
Champion Author Ohio

Posts:7,198
Points:1,358,130
Joined:May 2006
Message Posted: Jan 10, 2013 11:53:04 PM

Sad state of US railroads that a CANADIAN RR has to ship oil from ND to NJ. I know that Grand Trunk RR was taken over by a Canadian RR back aroung 1970.
southrob
Champion Author Tucson

Posts:6,067
Points:1,383,520
Joined:Mar 2011
Message Posted: Jan 10, 2013 11:50:57 PM

dhan to help
Focus2
Champion Author Illinois

Posts:8,172
Points:2,138,020
Joined:Mar 2006
Message Posted: Jan 10, 2013 11:50:40 PM

I don't understand why a Calgary based company is the middleman in American oil fields. Getting the oil to the places where it is needed is a good thing, something the pipelines can't always provide.
SHEP20715
Champion Author Maryland

Posts:11,812
Points:2,487,290
Joined:Nov 2007
Message Posted: Jan 10, 2013 11:50:09 PM

Good for the rail road
59glide
Champion Author New Haven

Posts:1,139
Points:1,694,610
Joined:Apr 2006
Message Posted: Jan 10, 2013 11:50:02 PM

That sounds great.
LCSTEELERBOB
Champion Author Gary

Posts:3,537
Points:886,655
Joined:Oct 2008
Message Posted: Jan 10, 2013 11:46:11 PM

lets hear it for the trains
tedjm1
Champion Author New York

Posts:5,609
Points:801,050
Joined:Dec 2006
Message Posted: Jan 10, 2013 11:42:44 PM

Gives rail more work.
gsayeg1
Champion Author Milwaukee

Posts:1,726
Points:246,135
Joined:Jun 2008
Message Posted: Jan 10, 2013 11:42:24 PM

I should have held on to my Lionel trains
Zonk
Champion Author Michigan

Posts:9,673
Points:2,867,575
Joined:Oct 2005
Message Posted: Jan 10, 2013 11:41:44 PM

This sounds like a win-win for all partners.
UpSol7
Champion Author Augusta

Posts:2,460
Points:1,426,000
Joined:Sep 2008
Message Posted: Jan 10, 2013 11:40:40 PM

rail freight much more flexible than pipelines
ican2step
Champion Author Pittsburgh

Posts:4,798
Points:1,187,775
Joined:Feb 2012
Message Posted: Jan 10, 2013 11:40:10 PM

What? The greenies are letting oil be shipped over LAND?
mamabeck
Champion Author Florida

Posts:2,876
Points:955,470
Joined:Jan 2012
Message Posted: Jan 10, 2013 11:35:01 PM

Sounds great!!
Vette1967
Champion Author Albany

Posts:9,195
Points:2,050,670
Joined:Jun 2009
Message Posted: Jan 10, 2013 11:34:52 PM

I like the idea of using our railroads and good news for the Port of Albany too.
KnoxGasPriceSpy
Champion Author Knoxville

Posts:158,093
Points:1,695,595
Joined:Oct 2010
Message Posted: Jan 10, 2013 11:34:04 PM

will this drop the price of my gas..?
Post a reply Back to Topics