The Keystone Steele City pumping station in Steele, Neb., would connect to the planned Keystone XL pipeline. As pipeline projects gain renewed momentum, the future of shipping crude by rail is in doubt. “Down the road, if all those pipelines get built, then crude by rail becomes probably a moot point,” said Dirk Lever, managing director at AltaCorp Capital. Canadian Pacific Railway and Canadian National Railway only got into the crude oil shipping game in 2010 as pipeline capacity started to run out in North Dakota’s Bakken region and Alberta’s oilsands. “When everyone got concerned that we were going to run out of pipeline space, every Tom, Dick, and Harry came running up to Canada to build a crude-on-rail terminal,” said John Zahary, CEO of crude rail operator Altex Energy.

Source: thestar February 02, 2017 18:25 UTC