Despite price drop, crude by rail remains big issue

December 5, 2014

oil-train-rail The drop in the price of oil since OPEC failed in its meeting last week to agree on production cuts has sparked speculation about whether production in North Dakota’s Bakken shale region will decline as some marginal drilling operations become financially less viable.

Some market observers see the drop in the price of railroad stocks since last week’s OPEC meeting as a harbinger of less Bakken crude being produced and less being moved by rail.

Read the complete story at Roll Call.