Corporate Intelligence is reporting that XOM is being hurt -- perhaps significantly -- by the lack of adequate pipeline coming out of western Canada.
Exxon Mobil Corp.'s ambition of boosting production depends in large part on wringing more crude from the oil sands of Western Canada. One challenge: Getting that crude to market to get paid.
With room on Canadian oil pipelines in short supply, and the future of the proposed Keystone XL project in doubt, Exxon is considering building a rail terminal in Edmonton, Alberta to haul crude into the U.S. on trains, a company executive said on Thursday.
Meanwhile,
a local Chicago news outlet posts a video on CBR safety, sent to me by a reader, noting that Chicago probably has the most truck/rail traffic in the nation. The reader questioned whether the news outlet had "an agenda." My answer:
Probably no agenda per se. But this is the buzz -- safety of CBR.
And the network now has file footage when the next CBR derailment occurs and blows up the entire city of Chicago. Smile.
Seriously, thank you.
You
are correct about all the railroad and truck traffic that goes through
Chicago. It has to be much more than NY simply because of geographic
location. Not a lot of trains/trucks go east from NYC.
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