Oil companies aren't waiting on the controversial
Keystone XL Pipeline to ship their product out of the
tar sands of Alberta, Canada.
Rail lines are already shipping 180,000 barrels of oil a day through western Canada. With more rail terminals on the way, capacity will grow to 900,000 barrels a day -- more than enough to offset the lack of the Keystone XL Pipeline.
“The indecision on Keystone XL really spawned innovation and mobilized alternatives, and rail is a clear part of the options available to our industry,” Paul Reimer, a senior vice president at Cenovus Energy, a Canadian oil company that is part of the growth, told The New York Times.
Rail is already a part of the picture in North Dakota. More than three-quarters of the state's oil product is transported by rail, the Times reported.
Get the Story:
Looking for a Way Around Keystone XL, Canadian Oil Hits the Rails
(The New York Times 10/31)
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