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Author	Topic: CP Rail oil shipment deal signals rail transport no longer stopgap measure	Post a Reply Back to Topics

BurntOrange Champion Author Austin Posts:8,722 Points:1,582,040 Joined:Nov 2007	Message Posted: Jan 11, 2013 12:07:55 AM Ignore BurntOrange Report Abuse Canadian Pacific Railway Ltd., fresh from a tumultuous year of management and board shakeups that saw veteran railroader Hunter Harrison installed as chief executive officer after a bitter proxy battle, is hitching a ride on the great U.S. petroleum revival. The Calgary-based company has emerged as the middleman in a five-year deal between Phillips 66, the refining arm of ConocoPhillips Co., and Massachusetts-based logistics provider Global Partners LP to ship roughly 50,000 barrels of crude oil per day from North Dakota’s roaring Bakken oil field to a refinery in Linden, New Jersey. Over five years, the equivalent of roughly 91 million barrels of oil will be transported via CP’s rail network from a loading facility in Stampede, N.D., to a Global terminal in Albany, N.Y., potentially ... Visit National Post for full article

BurntOrange

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Austin

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Message Posted: Jan 11, 2013 12:07:55 AM

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Canadian Pacific Railway Ltd., fresh from a tumultuous year of management and board shakeups that saw veteran railroader Hunter Harrison installed as chief executive officer after a bitter proxy battle, is hitching a ride on the great U.S. petroleum revival.

The Calgary-based company has emerged as the middleman in a five-year deal between Phillips 66, the refining arm of ConocoPhillips Co., and Massachusetts-based logistics provider Global Partners LP to ship roughly 50,000 barrels of crude oil per day from North Dakota’s roaring Bakken oil field to a refinery in Linden, New Jersey.

Over five years, the equivalent of roughly 91 million barrels of oil will be transported via CP’s rail network from a loading facility in Stampede, N.D., to a Global terminal in Albany, N.Y., potentially ...
Visit National Post for full article

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jrs4125 Champion Author Indiana Posts:2,753 Points:590,770 Joined:Sep 2011	Message Posted: Jan 12, 2013 4:29:47 AM Ignore jrs4125 Report Abuse ok
sljbc475 Champion Author Tucson Posts:4,215 Points:871,400 Joined:Dec 2010	Message Posted: Jan 11, 2013 11:01:15 AM Ignore sljbc475 Report Abuse Utilizing transportation that has been around for years.
eschroth442 Champion Author Cleveland Posts:1,074 Points:331,770 Joined:Nov 2011	Message Posted: Jan 11, 2013 10:24:08 AM Ignore eschroth442 Report Abuse warren buffet keeps making a fortune and crude is moved. But the pipeline would have been better
fuel2use Champion Author Seattle Posts:3,483 Points:732,350 Joined:Dec 2010	Message Posted: Jan 11, 2013 9:42:38 AM Ignore fuel2use Report Abuse Existing infrastructure.
merlinCO Champion Author Colorado Posts:1,635 Points:340,420 Joined:Mar 2012	Message Posted: Jan 11, 2013 8:48:47 AM Ignore merlinCO Report Abuse Yeah...screw the pipeline.
fencemanNY Veteran Author New York Posts:411 Points:356,475 Joined:Jul 2008	Message Posted: Jan 11, 2013 7:03:54 AM Ignore fencemanNY Report Abuse Now thats what I'm talkin about.
skippypa Champion Author Hawaii Posts:8,471 Points:1,739,955 Joined:Jun 2008	Message Posted: Jan 11, 2013 6:15:47 AM Ignore skippypa Report Abuse Good news for the railroad
pscamp Champion Author Ottawa Posts:3,270 Points:474,160 Joined:May 2011	Message Posted: Jan 11, 2013 6:04:32 AM Ignore pscamp Report Abuse Whatever
hokieburgh Champion Author Virginia Posts:1,107 Points:463,425 Joined:Feb 2007	Message Posted: Jan 11, 2013 5:28:44 AM Ignore hokieburgh Report Abuse excellent news for the rail industry
sprocketsplines Champion Author Washington Posts:1,677 Points:859,665 Joined:Oct 2010	Message Posted: Jan 11, 2013 1:48:54 AM Ignore sprocketsplines Report Abuse The oil boom will keep the railroads running at their full carrying capacity even if the pipelines get built.
Delight777 Sophomore Author Cleveland Posts:228 Points:356,745 Joined:Oct 2011	Message Posted: Jan 11, 2013 1:46:29 AM Ignore Delight777 Report Abuse Good!
Bruno44 Champion Author Texas Posts:7,070 Points:1,767,220 Joined:Sep 2007	Message Posted: Jan 11, 2013 1:44:33 AM Ignore Bruno44 Report Abuse Whatever it takes.
comprof Champion Author Houston Posts:6,854 Points:1,355,775 Joined:Jul 2009	Message Posted: Jan 11, 2013 1:42:21 AM Ignore comprof Report Abuse Good for the deteriorating US rail system but we still need the pipelines.
probedude2 Champion Author Akron Posts:12,548 Points:2,379,230 Joined:Jun 2003	Message Posted: Jan 11, 2013 1:41:43 AM Ignore probedude2 Report Abuse Oil on rails all the way to New Jersey? Give thanks to Obama!
Suzzoom Champion Author Nevada Posts:2,358 Points:504,940 Joined:Jan 2011	Message Posted: Jan 11, 2013 1:34:23 AM Ignore Suzzoom Report Abuse I'd trust the railroads before I'd trust a pipeline.
TIGERPAW46 Champion Author Florida Posts:7,120 Points:1,353,810 Joined:Mar 2004	Message Posted: Jan 11, 2013 1:32:00 AM Ignore TIGERPAW46 Report Abuse The Canadian oil pipeline was also suppose to have a branch to pick up oil from the west & pump it to the East coast area.
gman617 All-Star Author Illinois Posts:978 Points:269,500 Joined:Jul 2012	Message Posted: Jan 11, 2013 1:30:31 AM Ignore gman617 Report Abuse Maybe Amtrak can get in on this?
pinofl Veteran Author Miami Posts:364 Points:70,120 Joined:Dec 2012	Message Posted: Jan 11, 2013 1:29:14 AM Ignore pinofl Report Abuse good
kgbellman Champion Author Ann Arbor Posts:2,703 Points:730,640 Joined:Mar 2011	Message Posted: Jan 11, 2013 1:23:57 AM Ignore kgbellman Report Abuse Seems like a perfect match
bby Champion Author Twin Cities Posts:5,719 Points:1,020,945 Joined:Nov 2009	Message Posted: Jan 11, 2013 1:23:36 AM Ignore bby Report Abuse Ok
Zing20 All-Star Author Fresno Posts:692 Points:171,155 Joined:Nov 2012	Message Posted: Jan 11, 2013 1:22:51 AM Ignore Zing20 Report Abuse Good
2khawk Champion Author Iowa Posts:5,254 Points:927,050 Joined:Oct 2010	Message Posted: Jan 11, 2013 1:21:08 AM Ignore 2khawk Report Abuse We don't have railroad companies here in the U.S.? I thought we were supposed to be creating jobs here. Oh that's right, Obama won the election.
yonasb Champion Author Houston Posts:3,463 Points:737,625 Joined:Apr 2011	Message Posted: Jan 11, 2013 1:19:57 AM Ignore yonasb Report Abuse Hope it works this time
Prodaddy Champion Author Houston Posts:8,375 Points:1,894,210 Joined:May 2007	Message Posted: Jan 11, 2013 1:18:30 AM Ignore Prodaddy Report Abuse Rail could be a good way to ship oil
LKnight598 All-Star Author South Carolina Posts:807 Points:186,715 Joined:Nov 2005	Message Posted: Jan 11, 2013 1:18:27 AM Ignore LKnight598 Report Abuse Think a pipeline would be more efficient!
hybridaholic Champion Author Appleton Posts:8,360 Points:1,555,590 Joined:Dec 2008	Message Posted: Jan 11, 2013 1:17:51 AM Ignore hybridaholic Report Abuse Get er done.
DirtDauber Champion Author San Antonio Posts:6,776 Points:1,626,485 Joined:Nov 2005	Message Posted: Jan 11, 2013 1:16:13 AM Ignore DirtDauber Report Abuse Someone has to do it.
roadrunnerMO Champion Author Kansas Posts:8,401 Points:1,698,490 Joined:Jul 2008	Message Posted: Jan 11, 2013 1:12:27 AM Ignore roadrunnerMO Report Abuse Canadian business ventures sure beat the heck out of our pro-business ventures here in U.S. Of course our so-called leader is either on vacation or out golfing all the time.
Thomtec Champion Author Nashville Posts:2,459 Points:607,170 Joined:May 2011	Message Posted: Jan 11, 2013 1:11:04 AM Ignore Thomtec Report Abuse Ok
Tigercat88 Champion Author North Carolina Posts:3,192 Points:615,890 Joined:Jul 2011	Message Posted: Jan 11, 2013 1:10:06 AM Ignore Tigercat88 Report Abuse Good for them.
shea33 Champion Author Pensacola Posts:2,363 Points:541,965 Joined:Oct 2011	Message Posted: Jan 11, 2013 1:09:51 AM Ignore shea33 Report Abuse We could learn from North of the Border on some stuff
TBONE3 Champion Author Pennsylvania Posts:8,741 Points:1,975,675 Joined:Mar 2005	Message Posted: Jan 11, 2013 1:08:14 AM Ignore TBONE3 Report Abuse Correct obimerrill.
obimerrill Champion Author Cincinnati Posts:1,435 Points:288,740 Joined:Jul 2012	Message Posted: Jan 11, 2013 1:01:55 AM Ignore obimerrill Report Abuse Nice, but Canada gets revenue because Obama won't allow pipelines...more US jobs gone!
GAS1251 Champion Author Texas Posts:5,143 Points:1,625,255 Joined:Jun 2008	Message Posted: Jan 11, 2013 1:00:26 AM Ignore GAS1251 Report Abuse had to do something to get around the pipeline blues.
Bill100 Champion Author Grand Rapids Posts:41,482 Points:1,161,870 Joined:Jan 2010	Message Posted: Jan 11, 2013 12:57:17 AM Ignore Bill100 Report Abuse Pipelines when possible. Rail otherwise. Trucks for local deliveries.
uglytom Champion Author Florida Posts:7,464 Points:1,542,015 Joined:Jul 2007	Message Posted: Jan 11, 2013 12:55:39 AM Ignore uglytom Report Abuse Why not fly it there and cut out all the stops?
Z51Corvette Champion Author Austin Posts:8,480 Points:1,670,195 Joined:Jan 2008	Message Posted: Jan 11, 2013 12:54:19 AM Ignore Z51Corvette Report Abuse This is a sad state of affairs. This should be traveling by PIPELINE! It's A LOT safer!
defiancegasman Champion Author Ohio Posts:7,080 Points:1,323,260 Joined:May 2006	Message Posted: Jan 11, 2013 12:53:04 AM Ignore defiancegasman Report Abuse Sad state of US railroads that a CANADIAN RR has to ship oil from ND to NJ. I know that Grand Trunk RR was taken over by a Canadian RR back aroung 1970.
southrob Champion Author Tucson Posts:3,590 Points:686,225 Joined:Mar 2011	Message Posted: Jan 11, 2013 12:50:57 AM Ignore southrob Report Abuse dhan to help
Focus2 Champion Author Illinois Posts:7,889 Points:1,919,005 Joined:Mar 2006	Message Posted: Jan 11, 2013 12:50:40 AM Ignore Focus2 Report Abuse I don't understand why a Calgary based company is the middleman in American oil fields. Getting the oil to the places where it is needed is a good thing, something the pipelines can't always provide.
SHEP20715 Champion Author Maryland Posts:8,463 Points:1,713,870 Joined:Nov 2007	Message Posted: Jan 11, 2013 12:50:09 AM Ignore SHEP20715 Report Abuse Good for the rail road
59glide All-Star Author New Haven Posts:857 Points:1,049,005 Joined:Apr 2006	Message Posted: Jan 11, 2013 12:50:02 AM Ignore 59glide Report Abuse That sounds great.
LCSTEELERBOB Champion Author Gary Posts:2,961 Points:720,130 Joined:Oct 2008	Message Posted: Jan 11, 2013 12:46:11 AM Ignore LCSTEELERBOB Report Abuse lets hear it for the trains
tedjm1 Champion Author New York Posts:5,609 Points:800,300 Joined:Dec 2006	Message Posted: Jan 11, 2013 12:42:44 AM Ignore tedjm1 Report Abuse Gives rail more work.
gsayeg1 All-Star Author Milwaukee Posts:780 Points:139,365 Joined:Jun 2008	Message Posted: Jan 11, 2013 12:42:24 AM Ignore gsayeg1 Report Abuse I should have held on to my Lionel trains
Zonk Champion Author Michigan Posts:6,476 Points:2,101,790 Joined:Oct 2005	Message Posted: Jan 11, 2013 12:41:44 AM Ignore Zonk Report Abuse This sounds like a win-win for all partners.
UpSol7 Champion Author Augusta Posts:1,649 Points:757,900 Joined:Sep 2008	Message Posted: Jan 11, 2013 12:40:40 AM Ignore UpSol7 Report Abuse rail freight much more flexible than pipelines
ican2step Champion Author Pittsburgh Posts:1,676 Points:426,425 Joined:Feb 2012	Message Posted: Jan 11, 2013 12:40:10 AM Ignore ican2step Report Abuse What? The greenies are letting oil be shipped over LAND?
mamabeck Champion Author Florida Posts:1,645 Points:361,710 Joined:Jan 2012	Message Posted: Jan 11, 2013 12:35:01 AM Ignore mamabeck Report Abuse Sounds great!!
Vette1967 Champion Author Albany Posts:5,962 Points:1,275,025 Joined:Jun 2009	Message Posted: Jan 11, 2013 12:34:52 AM Ignore Vette1967 Report Abuse I like the idea of using our railroads and good news for the Port of Albany too.