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Author	Topic: Valero Looking at Rail, Barges to Ship Canadian Crude to Gulf	Post a Reply Back to Topics

DoctorV Champion Author Detroit Posts:1,047 Points:203,555 Joined:Aug 2008	Message Posted: Jan 29, 2013 8:12:25 PM Ignore DoctorV Report Abuse Valero Energy Corp. (VLO) is considering using barges and rail to move Canadian oil to the Gulf Coast as the government weighs approval of the Keystone XL pipeline, the most economic option, Valero President Joe Gorder said. Valero could increase the amount of Canadian crude it moves by barge to its St. Charles refinery in Louisiana from Hartford, Illinois, a delivery point on an existing TransCanada Corp. (TRP) line, Gorder said. Valero also owns heated rail cars and could use them to send Canadian bitumen to Louisiana and Texas. Crude production in Canada is outpacing takeaway capacity, creating a glut in Alberta that depressed prices to a record low last month against Mexico’s Maya crude, the heavy oil benchmark used on the Gulf Coast... (continued) Visit Bloomberg for full article

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Valero Energy Corp. (VLO) is considering using barges and rail to move Canadian oil to the Gulf Coast as the government weighs approval of the Keystone XL pipeline, the most economic option, Valero President Joe Gorder said.

Valero could increase the amount of Canadian crude it moves by barge to its St. Charles refinery in Louisiana from Hartford, Illinois, a delivery point on an existing TransCanada Corp. (TRP) line, Gorder said. Valero also owns heated rail cars and could use them to send Canadian bitumen to Louisiana and Texas.

Crude production in Canada is outpacing takeaway capacity, creating a glut in Alberta that depressed prices to a record low last month against Mexico’s Maya crude, the heavy oil benchmark used on the Gulf Coast...

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REPLIES (newest first)Ignore Short Messages

MAC48 Champion Author Dallas Posts:1,547 Points:766,965 Joined:Dec 2006	Message Posted: Jan 30, 2013 10:36:00 PM Ignore MAC48 Report Abuse It would be much better economically, environmentally and safer for one and all to ship heavy Canadian crude oil by pipeline. If pipeline capacity is not increased for both crude oil and refined oil products, other means of transportation will be used as long as there is a demand any where in the world that economically justifies the transportation costs. The environmental groups would be very smart to insure that safe high quality well maintained pipelines are built to alleviate the pipeline capacity shortage as opposed to the use of trains, barges and trucks for the same shipments.
ss70 Champion Author Detroit Posts:9,667 Points:1,871,075 Joined:Sep 2005	Message Posted: Jan 30, 2013 11:03:00 AM Ignore ss70 Report Abuse using the barges would be good .
Yooperheart Champion Author Michigan Posts:3,425 Points:528,000 Joined:Feb 2010	Message Posted: Jan 30, 2013 6:33:38 AM Ignore Yooperheart Report Abuse Use the choo-choo. Skip the boat, mississippi is a mud pit anyway. Last thing New Orleans needs is more oil spills.
Straitliner Champion Author Illinois Posts:1,505 Points:238,500 Joined:Sep 2012	Message Posted: Jan 30, 2013 6:22:24 AM Ignore Straitliner Report Abuse Barges... down the Mississippi right now isnt a good thing with the drought lingering on.
hokieburgh Champion Author Virginia Posts:1,117 Points:465,375 Joined:Feb 2007	Message Posted: Jan 30, 2013 5:12:57 AM Ignore hokieburgh Report Abuse again...could be a nice boost for the rail industry
JohnofGB Champion Author Flint Posts:5,426 Points:1,097,170 Joined:Feb 2010	Message Posted: Jan 30, 2013 12:22:01 AM Ignore JohnofGB Report Abuse Canadian crude is being discounted and these vulture refineries are charging just like they are paying full price for the crude oil. Gougers.
NHLiveFree Champion Author New Hampshire Posts:11,095 Points:1,623,180 Joined:Jun 2008	Message Posted: Jan 30, 2013 12:12:01 AM Ignore NHLiveFree Report Abuse Any and every way possible to get Alberta tar sands bitumen out of Canada and over to China. We all know what happens with desperation plans like this one from Valero, with a notorious safety record, or that of Nexen!
SammyAdams Champion Author Tallahassee Posts:3,057 Points:793,605 Joined:Nov 2010	Message Posted: Jan 29, 2013 11:59:33 PM Ignore SammyAdams Report Abuse With the news of the barge spill being recent on "Old Man River", many folks will begin to look more favorably towards the KXL. Pipelines have a better safety record for transporting crude oil, but I wish Valero great success in their efforts.
amerk73 Champion Author Dallas Posts:7,053 Points:1,622,015 Joined:Oct 2008	Message Posted: Jan 29, 2013 11:55:12 PM Ignore amerk73 Report Abuse good for them
DrGasPain Veteran Author Dallas Posts:362 Points:458,950 Joined:Mar 2011	Message Posted: Jan 29, 2013 11:37:00 PM Ignore DrGasPain Report Abuse The Keystone XL would be much more efficient, safer and environmentally friendly.
Zing20 All-Star Author Fresno Posts:694 Points:172,345 Joined:Nov 2012	Message Posted: Jan 29, 2013 10:50:49 PM Ignore Zing20 Report Abuse Good
mastermariner Champion Author Texas Posts:4,248 Points:494,780 Joined:Jun 2011	Message Posted: Jan 29, 2013 10:06:12 PM Ignore mastermariner Report Abuse Way to go why wait?
MINIWINI598 Champion Author Washington Posts:3,017 Points:518,700 Joined:Dec 2011	Message Posted: Jan 29, 2013 9:59:47 PM Ignore MINIWINI598 Report Abuse interesting
humblepie Champion Author Toledo Posts:34,252 Points:2,372,345 Joined:Mar 2006	Message Posted: Jan 29, 2013 9:46:25 PM Ignore humblepie Report Abuse would be very wise, considering the xl probably wont be built in our lifetime
Wanda127 Champion Author Florida Posts:2,499 Points:915,130 Joined:May 2010	Message Posted: Jan 29, 2013 9:40:58 PM Ignore Wanda127 Report Abuse Maybe it will work until something is done about the pipeline or maybe in addition too the pipeline.
Lugi1967 Champion Author Ohio Posts:4,788 Points:1,002,395 Joined:Jun 2010	Message Posted: Jan 29, 2013 9:22:54 PM Ignore Lugi1967 Report Abuse ok
Lugi1967 Champion Author Ohio Posts:4,788 Points:1,002,395 Joined:Jun 2010	Message Posted: Jan 29, 2013 9:22:40 PM Ignore Lugi1967 Report Abuse Free enterprise
jwkycola All-Star Author Columbia Posts:817 Points:533,150 Joined:Jul 2011	Message Posted: Jan 29, 2013 9:06:30 PM Ignore jwkycola Report Abuse Ok.