Railroad Companies are Battling Pipeline Operators for Oil Transportation Dominance
North Dakota's Director of the Department of Mineral Resources estimates that 90% of all crude oil produced in North Dakota's Bakken Shale next year will grab a ticket to ride. Given that 60% of the region's crude hit the rails this year, and the Bakken's top producer, Continental Resources , has already confirmed it is shipping 100% of its crude via rail, this prediction may very well become a reality in 2014.
In this video, Fool.com contributor Aimee Duffy talks to Tyler Crowe about why this is happening, and whether companies like Phillips 66 , PBF Energy , or Enbridge Energy Partners stand to win or lose.
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The article Railroad Companies are Battling Pipeline Operators for Oil Transportation Dominance originally appeared on Fool.com.Fool contributor Aimee Duffy has no position in any stocks mentioned. Fool contributor Tyler Crowe has no position in any stocks mentioned. The Motley Fool recommends Enbridge Energy Partners, L.P.. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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