EIA Will Now Track And Report CBR On A Monthly Basis -- March 30, 2015
From the EIA:
For the first time, EIA is providing monthly data on rail movements of crude oil, which have significantly increased over the past five years.
The new data on crude-by-rail (CBR) movements are fully integrated with EIA’s existing monthly petroleum supply statistics, which already include crude oil movements by pipeline, tanker, and barge.
“The new crude-by-rail data provides a clearer picture on a mode of oil transportation that has experienced rapid growth in recent years and is of great interest to policy makers, the public, and industry,” said EIA Administrator Adam Sieminski.
“EIA expects that the new data it has developed using information provided by the U.S. Surface Transportation Board (STB) along with data from other third-party sources and our own survey data, will provide key insights into oil-by-rail movements, including shipments to and from Canada,” he said.
“We welcome the cooperation of the STB as well as Canada’s National Energy Board in making these data accessible.”
EIA is initiating the new series with monthly data from January 2010 through the current reporting month, January 2015. CBR activity is tracked between pairs of Petroleum Administration for Defense District (PADD) regions (inter-PADD), within each region (intra-PADD), and across the U.S.-Canada border.
will these be accurate Monthly numbers, or Seasonally adjusted , like the employment numbers, so they fit the needs of the current Administration. don
ReplyDeleteI've never followed barge, ship, pipeline, etc. crude oil movements. I doubt many folks will follow these numbers. I hope they break it down by state.
DeleteThe big question is how the EIA will calculate the monthly CBR when they have to factor in a derailment -- is the monthly number the amount of CBR oil that left the well-head, or do they track the CBR crude oil that actually reached its destination.