The market may have come to our rescue reducing the spread between imported crudes and Bakken to appoint where there is not, at the moment at least, an economic incentive to ship Bakken east. Here is an excellent analysis of what justthe loss of price spread may mean to Bakken
And then there are all the issues about the flammability and corrosovity of Bakken to a point where Enbride and other pieplines refuse to carry it. Corrosivity issues have worried some rail transporters as well. And glad as most are for the income boost of Bakken rolling pipeline the Lac Megantic incident gives pause.
Tux Turkel’s article in today’s Portland Press Herald ( September 14, 2013) shows a long strong of idle tanker cars on tracks beow route 115 in Yarmouth and quotes Pan Am as saying they have had no shipping orders for crude since mid July.
“The 100 or so cars are empty, Pan Am Railways said Thursday. They have been parked on a storage track for a month. And they’re not likely to move until global oil markets change.
“As soon as the customer requests them, they will go back out,” said Cynthia Scarano, executive vice president of Pan Am Railways”