Part II, January 22, 2013
Filled with data points, for example:
Railroad transportation of Bakken crude is increasing. EOG Resources uses virtually no pipeline capacity for its Bakken production. This is sent to St. James for LLS pricing. Tesoro is doing the same to its Anacortez refinery, and is planning to start railing oil to California. Phillips 66 signed a deal for Bakken crude transported to its Bayway refinery on the east coast. Look for further rail capacity additions coming on line over the next couple of years. This should open pipes for other Bakken players.