BISMARCK, N.D. — State and industry officials say North Dakota oil drillers increasingly will rely on trains to move barrels of crude to market with the Obama administration’s decision to reject plans for the planned Keystone XL pipeline from Canada to the U.S. Gulf Coast.
North Dakota Public Service Commission Chairman Tony Clark says shipping oil on pipelines is safer and cheaper than by rail. But he says producers are left with few options if “pipelines are off the table.”
Obama on Wednesday temporarily halted the $7 billion pipeline, saying a deadline set by Republican lawmakers didn’t give his administration enough time for review.
The pipeline is designed to carry oil from Canada through six states to Texas. It also would move 100,000 barrels of crude daily from North Dakota and Montana.
Warren Buffet owns Burlington Northern railroad so he will benifit immensly. two plus two adds up to crony capitalism for buffet the obama supporter
Actually, I think you are giving them too much credit with the “cronisim.” I firmly believe they just don’t understand the fundamentals of any of the free market, especially a commodity like oil & gas. The current administration seems to have a clear idealogical bias against fossil fuels and seems incapable of understanding the magnitude of not having any kind of coherent energy policy. Hard to be optimistic…