Just When You Think There Is Adequate Takeaway Capacity ...

Just after the NDIC reported another daily crude oil production record, Bloomberg reported this:

Nominations for Enbridge Inc.’s Line 81, which can carry 210,000 barrels a day from North Dakota into Clearbrook, Minnesota, exceeded capacity for the first time this year for July shipments, Larry Springer, a Houston-based spokesman, said by e-mail.

Bakken crude priced in Clearbrook weakened by $1.75 to a discount of $3.50 a barrel against WTI at 12:13 p.m., according to data compiled by Bloomberg. It’s the widest discount since June 5.

Yes, I know there is more than enough take away capacity for Bakken production. Obviously some operators were looking to ship oil by pipeline rather than rail.