President Obama’s decision to reject the Keystone XL pipeline Friday could come with a heavy side of tank cars. Canadian energy companies need about a dozen crude-laden trains each day to replace the volume of oil that could have been transported through KXL.
Now that TransCanada Corp.’s Alberta-to-Gulf-Coast pipeline has been denied, however, it’s clear that the contest between KXL and railroads in Canada’s western oil patch wasn’t a zero-sum game.
Rail shippers could see a modest boost from the pipeline’s defeat, but analysts say Canada’s crude-by-rail business must first overcome unfavorable price spreads, potentially burdensome new regulations and below-$50-per-barrel oil.
Read more from E&E Publishing, LLC.
Related News
- Value of Unions
- 2026 Railroad Retirement and Unemployment Insurance Tax Changes
- SMART-TD Members on UP Properties Ratify Five-Year Agreement
- Railroader’s Son to Perform at Carnegie Hall
- Rail Trespassing and Suicide Fatalities Up 70%
- Help the McLucas Family After Fire Destroys Their Home
- SMART-TD’s Chris Smith Wins City Council Seat in Tama, Iowa
- Railroader Healthcare Costs Remain Stable While National Averages Soar
- Call to Action in Mass.: Transit Safety Legislation Up for Final Vote
- New Jersey’s “Vote Labor” Push led by SMART-TD’s Ron Sabol