Skip to main content

View Diary: Pipeline Canceled: $1.8b Bakken Crude Express Pipeline From North Dakota to Oklahoma (43 comments)

Comment Preferences

  •  OK, OK (9+ / 0-)

    here's a link

    Among the biggest beneficiaries of the demand for transport of crude oil out of North Dakota’s Bakken shale region are the owners of the two main rail links to the region, Canadian Pacific Railway and Burlington Northern Santa Fe, which is owned by Warren Buffett’s Berkshire Hathaway.

    The companies are exploiting the lack of pipeline capacity needed to ship the region’s rapidly growing production of crude to refineries thousands of miles away, and that demand is serving to more than offset expected weakness from their shipment of agricultural products due to the drought and lower coal shipments as utilities shift to burning the cheaper natural gas.

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site