Lydia Gilbertson | Shale Plays Media Google+
On Monday Eric Slifka, the head of a Bakken crude-by-rail shipping company, explained why he thinks rail transportation is the best choice for crude shipments. Slifka thinks that pipelines cost too much money and take too much time to build. He also argues that fewer oil spills happen with trains than with pipelines.
Roll Call reports:
“[Railroads] will provide the foundation necessary to access a multitude of markets, from a multitude of locations, with a multitude of products. Rails offer flexibility, optionality, rapid transit, market penetration, all the while requiring low levels of capital.”
He also assured the Energy Department’s Energy Information Agency that railroads and oil shippers will “make the necessary investments in safety.”
Read more of Tom Curry’s article: Railraods, Not Pipelines, Are the Future for Crude, Argues Bakken Shipper