Move over old dog ‘cause a new dog’s moving in. That dog would be crude oil from North America producers -- mostly light-sweet crude from the Bakken – moving by rail to Albany and on to other points east. Not only is it a good market for Bakken oil, it might just be the ticket out of financial meltdown for East Coast refiners.
On Friday I was a speaker at the 2012 U.S. Energy Services Annual Conference in Phoenix. The crowd was a very diverse mix of energy users – across the hydrocarbons spectrum – power, gas, petroleum products, ethanol, etc. These folks are grappling with the changes in energy markets in their daily operations, and among many issues wanted to understand the implications of changing crude costs, refinery capacity and crude-by-rail.
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