Rail oil shipments rise as Keystone pipeline remains in limbo

As U.S. oil production surges, the rail industry is boosting its capacity to transport crude oil beyond that of pipelines in some areas, and this increase raises the risk of lethal accidents, according to two new federal reports.The number of rail cars carrying oil began rising in 2012, and their capacity is  nearly double that of pipelines in the Bakken Shale area of Montana and North Dakota, the Energy Information Administration reports Tuesday. Citing data from the North Dakota Pipeline Authority,  it says this capacity totaled 965,000 barrels per day by the end of 2013 while that of pipelines was 515,000 barrels per day.

via Rail oil shipments rise as Keystone pipeline remains in limbo | America's Markets.

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