North Dakota Production Outpacing Takeaway Capacity -- The Bakken, North Dakota, USA

Link here to the Bismarck Tribune.

North Dakota oil production is outpacing the ability to efficiently move the product to market, causing drillers to take deep price cuts at a time when national gasoline prices are on the rise, the U.S. Department of Energy said.

And the point would be?

This is "news" coming from the same agency that loaned huge amounts of money to now-failing solar start-ups.  Perhaps it would have been nice for DOE to have supported the Keystone XL pipeline and the president to have approved the Keystone XL pipeline. So, I have no idea what the point of the story is, and why DOE would be interested. The folks in North Dakota have been doing all they can to move things along, but with the federal government it's one step forward, two steps back.

I link the story only because it gives some insight regarding the crude-by-rail story, but as for "news" from the Department of Energy,  I don't get their point. Are they trumpeting Obama's decision to kill the Keystone XL as a good decision or a bad decision, or are they just pointing out the obvious?

On another note, there is a recurring theme with regard to the Bakken: the Bakken continues to surprise, and continues to surprise on the "up" side. Five years into this boom and the Bakken still lacks adequate takeaway capacity. Incredible. Intriguing. Interesting. I've run out of "ints."