There's gold in them thar rails!

摘要

Pardon the pun, but shipping crude oil by rail is not a pipe dream. In fact, the way things are moving, big, expensive, and environmentally risky pipelines (like the controversial Keystone XL pipeline) may not be needed at all, because railroads are proving that they can provide the same service, with vastly improved safety and environmental considerations. Is this any surprise? Of course not, for those in the know, like Railway Age Contributing Editor and Cowen Group Inc. analyst Jason Seidl. "With increasing crude production in Canada and the Bakken, uncertainty surrounding pipeline construction, and growing rail capacity, the stars seem aligned for crude by rail to continue its robust growth," Jason says in a recent report to investors. "Crude by rail is here to stay.