SOURCE: Industrial Info Resources

Industrial Info Resources

September 18, 2013 06:15 ET

Bakken Logistics Could Be Shifted by Potential New Railcar Safety Rules, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Sep 18, 2013) - Researched by Industrial Info Resources (Sugar Land, Texas) -- At an oil & gas conference last week in Bismarck, North Dakota, speakers said that potential new government railcar safety rules could upset the competitive dynamics between railroads and pipelines to transport crude oil out of the Bakken Shale formation. Today, about 70% of Bakken crude is transported by railroads, a dramatic reversal from early 2012, when pipelines carried most of the Bakken's crude oil to market, according to Anthony Gallo, managing director for equities at Wells Fargo & Company (NYSE:WFC).

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