U.S. Oil by Rail Increases 13% in One Year
U.S. oil and gas shipments by rail between January and October showed a 13.4% increase over 2013, the EIA reports, based on data from the Association of American Railroads.
Rail traffic for all commodities increased 4.5% over the same period.
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“Rising U.S. crude oil production, particularly in North Dakota’s Bakken Shale formation, where pipeline takeaway capacity is limited in moving the state’s growing oil volumes to market, is one of the main reasons for this increase in rail shipments,” the EIA states.