Oil-by-rail squeezing plans for pipelines
CALGARY – The tug-of-war between railroads and pipelines in North American oilfields is only just getting started.
In recent months, the popularity of moving crude on tracks has sapped commercial support for new pipelines from oil fields in West Texas to North Dakota’s Bakken. Now it’s raising questions about the importance of Keystone XL, TransCanada Corp.’s controversial project designed to connect Alberta’s booming oil sands to refineries on the U.S. Gulf Coast.
Read the complete story at the Financial Post.