Albany

Tank barge utilization rates in US coastal and inland waterways are running at 80 to 90 percent of capacity this year.

Last week the latest set of Bakken crude production numbers showed another big increase to reach 728 Mb/d. The challenge all along for this prolific land locked basin has been one of finding a ready market for growing production.

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.