Interestingly the new Phillips 66 (Conoco Phillips spin off) is purchasing 1000 more rail cars to haul oil from the Bakken and other shale plays that have pipeline issues.
Data points:
- unit trains are about 100 cars, up to 120 cars
- around three days for a one-way trip to destination
- flexible
- no commingling of different grades of oil
- scale up, scale down
- my favorite: Nebraskans helped this industry immensely
- Warren Buffett owns Burlington Northern, perhaps the biggest railroad in the Bakken
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