• 3 minutes Looming European Gas Crisis in Winter and North African Factor - a must read by Cyril Widdershoven
  • 7 minutes "Biden Targets Another US Pipeline For Shutdown After 'Begging' Saudis For More Oil" - Zero Hedge Monday Nov 8th
  • 12 minutes "UN-Backed Banker Alliance Announces “Green” Plan to Transform the Global Financial System" by Whitney Webb
  • 19 hours Microbes can provide sustainable hydrocarbons for the petrochemical industry
  • 34 mins CO2 Electrolysis to CO (Carbon Monoxide) and then to Graphite
  • 2 hours Hunter Biden Helped China Gain Control of Cobalt Mines in Africa
  • 7 hours NordStream2
  • 1 day GREEN NEW DEAL = BLIZZARD OF LIES
  • 4 hours Building A $2 Billion Subsea Solar Power Cable From Chile To China
  • 4 days Is anything ever sold at break-even ? There is a 100% markup on lipstick but Kuwait can't break-even.
  • 4 days Modest drop in oil price: SPRs vs US crude inventory build
  • 5 days 2019 - Attack on Saudi Oil Facilities.
  • 10 hours "Gold Set To Soar As Inflation Fears Mount" by Alex Kimani
  • 5 days Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 6 days Ukrainian Maidan after 8 years
The EV Industry Is Desperate For New Lithium Supply

The EV Industry Is Desperate For New Lithium Supply

The dramatic rise of electric…

How To Spot A Carbon-Free Con

How To Spot A Carbon-Free Con

Plenty of companies are pledging…

Canadian Oil-by-Rail Exports To U.S. Keep Rising

Crude oil exports from Canada to the United States are increasingly being shipped by rail due to the now chronic shortage of pipeline capacity that is only going to become more severe as Canadian oil output rises while pipeline capacity stagnates.

Bloomberg’s Robert Tuttle reports that Cenovus Energy and Imperial Oil are among the companies increasingly using oil trains to carry their heavy crude south of the border. The companies’ combined oil exports by train have tripled since last July, the report said, adding that a railway company now expects other producers to follow in their footsteps.

President Joe Biden canceled the federal permit for Keystone XL on his first day in office despite warnings from analysts, as well as Alberta’s Premier Jason Kenney, who said that killing Keystone XL would not diminish demand for heavy crude oil at U.S. refineries in the future. It could, however, raise America’s dependence on crude oil imports from OPEC, instead of imports from Canada, for the U.S. Gulf Coast.

“This is a gut punch for the Canadian and Alberta economies. Sadly, it is an insult directed at the United States’ most important ally and trading partner on day one of a new administration,” Alberta Premier Jason Kenney said after the decision to ax the pipeline was announced.

The province’s government is currently considering forcing Washington to pay it for the money poured so far into the project, which amounts to about $1.2 billion. According to an official from Premier Kenney’s office, Alberta may invoke terms in the North American Free Trade Agreement to recoup at least some of its expenses.

Meanwhile, research has suggested that transporting oil by rail rather than pipeline is riskier in terms of spills. At the end of 2019 and beginning of 2020, this was highlighted by two major oil train derailments that occurred within two months of each other in Saskatchewan.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News