- phenomenon has been noted for about three to four months
- 500 miles by truck for Canadian producers to get oil to pipeline and rail terminals
- most notable increase in truck traffic seen in Saskatchewan
- WCS selling for as much as $52.40 less than WTI -- the biggest spread/discount since 2008
- August: 230,000 bbls by truck
- a typical truck: 250 bbls of oil
- cost, for 500 miles: $30/bbl one way if the tanker returns empty
- Enbridge Line 3 expansion won't be completed by late next year (very, very iffy, in my mind)
- record CBR: 230,000 bopd
- constraints worsened when BNSF required more secure, hard-to-obtain tanker cars
- impact on Bakken oil
McDermott to sell storage tank and pipe business: Rigzone.
NuStar: to exit Europe; will sell storage terminals to Inter Terminals Ltd. I would not have posted this except for the fact we have a huge NuStar storage facility in our "neighborhood" here in north Texas.
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