• 3 minutes Is Pete Buttigieg emerging as the most likely challenger to Trump?
  • 5 minutes CoV-19: China, WHO, myth vs fact
  • 8 minutes Question: Why are oil futures so low through 2020?
  • 11 minutes Don't sneeze. Coronavirus is a threat to oil markets and global economies
  • 8 hours “The era of cheap & abundant energy is long gone. Money supply & debt have grown faster than real economy. Debt saturation is now a real risk, requiring a global scale reset.”"We are now in new era of expensive unconventional energy
  • 30 mins Question - What if there are no buyers for Chevron's Appalachia Assets?
  • 30 mins Blowout videos
  • 9 hours Energy from thin air?
  • 14 hours OIL trades as if the virus is a 1 quarter event. As if it's Containable, Reversible and Temporary. Is it ?
  • 1 day Hey NYC - Mayor De Blasio declares you must say goodbye to fossil fuels. Get ready to freeze your Virtue Signaling butts off.
  • 3 hours Can LNG Kill Oil?
  • 1 day Fast-charging, long-running, bendy energy storage breakthrough
  • 1 day Foxconn cancelled the reopening of their mfg plants scheduled for tomorrow. Rescheduled to March 3rd. . . . if they're lucky.
  • 2 days "For the Public's Interest"
  • 16 hours Coronovairus, Phase One Agreement, Lower for Longer
  • 2 days Cheap natural gas is making it very hard to go green
Why Oil Traders Are Stockpiling Crude

Why Oil Traders Are Stockpiling Crude

Commodity trading houses and the…

Brazil’s Oil Production Jumps 20% To New Record In January

Brazil’s Oil Production Jumps 20% To New Record In January

Brazil’s oil production jumped by…

Warren Buffett’s BNSF Railway to Begin Testing LNG Fuel

Warren Buffett’s BNSF Railway to Begin Testing LNG Fuel

Most freight trains in the US run on dirty diesel fuelled engines, but it has been recently announced that BNSF railway, the railway company owned by Warren Buffett’s Berkshire Hathaway, will begin testing the use of liquefied natural gas (LNG).

BNSF claim that the motivation came from the fact that LNG emits far fewer greenhouse gases than diesel; although I imagine that being 88% cheaper than diesel also hangs in LNG’s favour.

Matthew Rose, the CEO and chairman of BSNF, stated that “the use of liquefied natural gas as an alternative fuel is a potential transformational change for our railroad and for our industry.

Related article: How Far Will the US Go to Derail Iran-Pakistan Pipeline?

While there are daunting technical and regulatory challenges still to be faced, this pilot project is an important first step that will allow BNSF to evaluate the technical and economic viability of the use of liquefied natural gas in through-freight service, potentially reducing fuel costs and greenhouse gas emissions, thereby providing environmental and energy security benefits to our nation.”

Before any tests can be made federal regulators must determine the safety of the new LNG fuel tanks, new supply systems would have to be devised in order to deliver the gas to the train depots, and depot workers would have to be trained in using the fuel.

BNSF has benefitted greatly from the boom in domestic oil production, as railways are becoming a more popular option for transporting the crude around the country. BNSF already ships around 10% of all oil produced in the US on a daily basis and Buffet has said that “all indications are that BNSF’s oil shipments will grow substantially in coming years.”

By. Joao Peixe of Oilprice.com



Join the discussion | Back to homepage


Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News