“It costs approximately $15 per barrel to send oil by rail — compared with $1 a barrel by pipeline and $2 a barrel by ship. However, the steep premium for Brent made up for the huge shipping costs. Bakken oil sent by train was still cheaper than Brent oil carried by ship. Unfortunately for trains, though, prices are now shifting. The price advantage Bakken enjoys over Brent has fallen to only about $10–12 a barrel. Suddenly, spending $15 a barrel to ship Bakken by train doesn’t make sense. Instead, refiners are finding buying Brent is a better and safer deal. But all this talk about ships versus trains leaves out the best solution for crude oil transport.”

http://dailyresourcehunter.com/rail-fails-pipelines-prevail/

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