GasBuddy Blog

GasBuddy News Article

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

Back To News

Category: Daily News Article Discussions > Topics	Add to favorite topics

Author	Topic: CP Rail oil shipment deal signals rail transport no longer stopgap measure	Post a Reply Back to Topics

REPLIES (newest first)Ignore Short Messages

First

Next Last

jrs4125 Champion Author Indiana Posts:2,898 Points:619,445 Joined:Sep 2011	Message Posted: Jan 12, 2013 3:29:47 AM Ignore jrs4125 Report Abuse ok
sljbc475 Champion Author Tucson Posts:4,360 Points:900,075 Joined:Dec 2010	Message Posted: Jan 11, 2013 10:01:15 AM Ignore sljbc475 Report Abuse Utilizing transportation that has been around for years.
eschroth442 Champion Author Cleveland Posts:1,196 Points:358,490 Joined:Nov 2011	Message Posted: Jan 11, 2013 9:24:08 AM Ignore eschroth442 Report Abuse warren buffet keeps making a fortune and crude is moved. But the pipeline would have been better
fuel2use Champion Author Seattle Posts:3,615 Points:758,920 Joined:Dec 2010	Message Posted: Jan 11, 2013 8:42:38 AM Ignore fuel2use Report Abuse Existing infrastructure.
merlinCO Champion Author Colorado Posts:1,780 Points:369,095 Joined:Mar 2012	Message Posted: Jan 11, 2013 7:48:47 AM Ignore merlinCO Report Abuse Yeah...screw the pipeline.
fencemanNY Veteran Author New York Posts:444 Points:373,535 Joined:Jul 2008	Message Posted: Jan 11, 2013 6:03:54 AM Ignore fencemanNY Report Abuse Now thats what I'm talkin about.
skippypa Champion Author Hawaii Posts:8,616 Points:1,768,630 Joined:Jun 2008	Message Posted: Jan 11, 2013 5:15:47 AM Ignore skippypa Report Abuse Good news for the railroad
pscamp Champion Author Ottawa Posts:3,524 Points:500,885 Joined:May 2011	Message Posted: Jan 11, 2013 5:04:32 AM Ignore pscamp Report Abuse Whatever
hokieburgh Champion Author Virginia Posts:1,226 Points:491,455 Joined:Feb 2007	Message Posted: Jan 11, 2013 4:28:44 AM Ignore hokieburgh Report Abuse excellent news for the rail industry
sprocketsplines Champion Author Washington Posts:1,818 Points:889,035 Joined:Oct 2010	Message Posted: Jan 11, 2013 12:48:54 AM Ignore sprocketsplines Report Abuse The oil boom will keep the railroads running at their full carrying capacity even if the pipelines get built.
Delight777 Sophomore Author Cleveland Posts:228 Points:382,395 Joined:Oct 2011	Message Posted: Jan 11, 2013 12:46:29 AM Ignore Delight777 Report Abuse Good!
Bruno44 Champion Author Texas Posts:7,222 Points:1,796,870 Joined:Sep 2007	Message Posted: Jan 11, 2013 12:44:33 AM Ignore Bruno44 Report Abuse Whatever it takes.
comprof Champion Author Houston Posts:7,015 Points:1,385,425 Joined:Jul 2009	Message Posted: Jan 11, 2013 12:42:21 AM Ignore comprof Report Abuse Good for the deteriorating US rail system but we still need the pipelines.
probedude2 Champion Author Akron Posts:12,698 Points:2,408,880 Joined:Jun 2003	Message Posted: Jan 11, 2013 12:41:43 AM Ignore probedude2 Report Abuse Oil on rails all the way to New Jersey? Give thanks to Obama!
Suzzoom Champion Author Nevada Posts:2,503 Points:533,655 Joined:Jan 2011	Message Posted: Jan 11, 2013 12:34:23 AM Ignore Suzzoom Report Abuse I'd trust the railroads before I'd trust a pipeline.
TIGERPAW46 Champion Author Florida Posts:7,241 Points:1,379,620 Joined:Mar 2004	Message Posted: Jan 11, 2013 12:32:00 AM Ignore TIGERPAW46 Report Abuse 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:1,128 Points:298,400 Joined:Jul 2012	Message Posted: Jan 11, 2013 12:30:31 AM Ignore gman617 Report Abuse Maybe Amtrak can get in on this?
pinofl Veteran Author Miami Posts:364 Points:70,120 Joined:Dec 2012	Message Posted: Jan 11, 2013 12:29:14 AM Ignore pinofl Report Abuse good
kgbellman Champion Author Ann Arbor Posts:2,859 Points:760,515 Joined:Mar 2011	Message Posted: Jan 11, 2013 12:23:57 AM Ignore kgbellman Report Abuse Seems like a perfect match
bby Champion Author Twin Cities Posts:5,864 Points:1,049,620 Joined:Nov 2009	Message Posted: Jan 11, 2013 12:23:36 AM Ignore bby Report Abuse Ok
Zing20 All-Star Author Fresno Posts:771 Points:197,390 Joined:Nov 2012	Message Posted: Jan 11, 2013 12:22:51 AM Ignore Zing20 Report Abuse Good
2khawk Champion Author Iowa Posts:5,418 Points:955,705 Joined:Oct 2010	Message Posted: Jan 11, 2013 12:21:08 AM Ignore 2khawk Report Abuse 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:758,000 Joined:Apr 2011	Message Posted: Jan 11, 2013 12:19:57 AM Ignore yonasb Report Abuse Hope it works this time
Prodaddy Champion Author Houston Posts:8,521 Points:1,922,885 Joined:May 2007	Message Posted: Jan 11, 2013 12:18:30 AM Ignore Prodaddy Report Abuse Rail could be a good way to ship oil
LKnight598 All-Star Author South Carolina Posts:927 Points:209,240 Joined:Nov 2005	Message Posted: Jan 11, 2013 12:18:27 AM Ignore LKnight598 Report Abuse Think a pipeline would be more efficient!
hybridaholic Champion Author Appleton Posts:8,505 Points:1,584,265 Joined:Dec 2008	Message Posted: Jan 11, 2013 12:17:51 AM Ignore hybridaholic Report Abuse Get er done.
DirtDauber Champion Author San Antonio Posts:6,927 Points:1,656,135 Joined:Nov 2005	Message Posted: Jan 11, 2013 12:16:13 AM Ignore DirtDauber Report Abuse Someone has to do it.
roadrunnerMO Champion Author Kansas Posts:8,552 Points:1,728,140 Joined:Jul 2008	Message Posted: Jan 11, 2013 12:12:27 AM Ignore roadrunnerMO Report Abuse 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:2,605 Points:636,370 Joined:May 2011	Message Posted: Jan 11, 2013 12:11:04 AM Ignore Thomtec Report Abuse Ok
Tigercat88 Champion Author North Carolina Posts:3,342 Points:645,540 Joined:Jul 2011	Message Posted: Jan 11, 2013 12:10:06 AM Ignore Tigercat88 Report Abuse Good for them.
shea33 Champion Author Pensacola Posts:2,508 Points:570,640 Joined:Oct 2011	Message Posted: Jan 11, 2013 12:09:51 AM Ignore shea33 Report Abuse We could learn from North of the Border on some stuff
TBONE3 Champion Author Pennsylvania Posts:8,886 Points:2,005,100 Joined:Mar 2005	Message Posted: Jan 11, 2013 12:08:14 AM Ignore TBONE3 Report Abuse Correct obimerrill.
obimerrill Champion Author Cincinnati Posts:1,585 Points:318,390 Joined:Jul 2012	Message Posted: Jan 11, 2013 12:01:55 AM Ignore obimerrill Report Abuse Nice, but Canada gets revenue because Obama won't allow pipelines...more US jobs gone!
GAS1251 Champion Author Texas Posts:5,299 Points:1,654,905 Joined:Jun 2008	Message Posted: Jan 11, 2013 12:00:26 AM Ignore GAS1251 Report Abuse had to do something to get around the pipeline blues.
Bill100 Champion Author Grand Rapids Posts:41,749 Points:1,190,545 Joined:Jan 2010	Message Posted: Jan 10, 2013 11:57:17 PM Ignore Bill100 Report Abuse 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 Ignore uglytom Report Abuse Why not fly it there and cut out all the stops?
Z51Corvette Champion Author Austin Posts:8,608 Points:1,697,410 Joined:Jan 2008	Message Posted: Jan 10, 2013 11:54:19 PM Ignore Z51Corvette Report Abuse This is a sad state of affairs. This should be traveling by PIPELINE! It's A LOT safer!
defiancegasman Champion Author Ohio Posts:7,099 Points:1,327,520 Joined:May 2006	Message Posted: Jan 10, 2013 11:53:04 PM Ignore defiancegasman Report Abuse 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:3,741 Points:715,875 Joined:Mar 2011	Message Posted: Jan 10, 2013 11:50:57 PM Ignore southrob Report Abuse dhan to help
Focus2 Champion Author Illinois Posts:7,910 Points:1,928,475 Joined:Mar 2006	Message Posted: Jan 10, 2013 11:50:40 PM Ignore Focus2 Report Abuse 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:8,616 Points:1,743,010 Joined:Nov 2007	Message Posted: Jan 10, 2013 11:50:09 PM Ignore SHEP20715 Report Abuse Good for the rail road
59glide All-Star Author New Haven Posts:872 Points:1,072,705 Joined:Apr 2006	Message Posted: Jan 10, 2013 11:50:02 PM Ignore 59glide Report Abuse That sounds great.
LCSTEELERBOB Champion Author Gary Posts:2,961 Points:720,580 Joined:Oct 2008	Message Posted: Jan 10, 2013 11:46:11 PM Ignore LCSTEELERBOB Report Abuse lets hear it for the trains
tedjm1 Champion Author New York Posts:5,609 Points:800,300 Joined:Dec 2006	Message Posted: Jan 10, 2013 11:42:44 PM Ignore tedjm1 Report Abuse Gives rail more work.
gsayeg1 All-Star Author Milwaukee Posts:880 Points:151,560 Joined:Jun 2008	Message Posted: Jan 10, 2013 11:42:24 PM Ignore gsayeg1 Report Abuse I should have held on to my Lionel trains
Zonk Champion Author Michigan Posts:6,626 Points:2,130,690 Joined:Oct 2005	Message Posted: Jan 10, 2013 11:41:44 PM Ignore Zonk Report Abuse This sounds like a win-win for all partners.
UpSol7 Champion Author Augusta Posts:1,709 Points:785,625 Joined:Sep 2008	Message Posted: Jan 10, 2013 11:40:40 PM Ignore UpSol7 Report Abuse rail freight much more flexible than pipelines
ican2step Champion Author Pittsburgh Posts:1,816 Points:453,375 Joined:Feb 2012	Message Posted: Jan 10, 2013 11:40:10 PM Ignore ican2step Report Abuse What? The greenies are letting oil be shipped over LAND?
mamabeck Champion Author Florida Posts:1,724 Points:385,385 Joined:Jan 2012	Message Posted: Jan 10, 2013 11:35:01 PM Ignore mamabeck Report Abuse Sounds great!!
Vette1967 Champion Author Albany Posts:6,112 Points:1,304,675 Joined:Jun 2009	Message Posted: Jan 10, 2013 11:34:52 PM Ignore Vette1967 Report Abuse I like the idea of using our railroads and good news for the Port of Albany too.