The Oil & Gas Journal is reporting:
Increased US crude oil production has spurred the use of rail, truck,
and barge to deliver oil to refineries, the US Energy Information
Administration reported in its recently released Refinery Capacity
Report.
More than 1 million b/d of oil was received by refineries across the
nation by rail, truck, and barge in 2012, up 57% from 2011, according to
EIA.
These increased receipts vary by region, EIA said, with the Gulf Coast (PADD 3) region accounting for most of the growth.
“PADD 3, where rail, truck, and barge receipts nearly doubled in
2012, is increasingly dependent on rail and truck to move crude
production out of the Eagle Ford and Permian basins to refineries in the
area until pipelines are built,” EIA said.
Following a decrease in 2011 in part due to refinery closures, East
Coast (PADD 1) receipts by rail, truck, and barge increased by 18% in
2012 as a number of refiners put in rail facilities to receive
discounted crude from the Bakken and other tight oil formations.
In the Rocky Mountain region (PADD 4), US truck and pipeline imports
of Canadian oil continue to increase as US pipeline receipts have stayed
flat.
Again, these numbers are staggering. Is there any other industry growing by 60% year-over-year (other than Wall Street hedge funds and banks)?
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.