Rail gets more popular as interest fades in new pipelines

11/29/2012 | United Press International

An insufficient level of interest for a planned 1,300-mile pipeline from the Bakken shale formation to Cushing, Okla., led Oneok Partners to abandon the idea. The decision follows Enbridge's statement that crude-by-rail could be the "the fastest way" to transport Bakken oil. Petroleum-by-rail shipments rose 54.2% last week year-on-year, according to the Association of American Railroads.

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