Oil production boom prompts new transportation spending

12/27/2012 | Wall Street Journal, The

North America's energy production boom is prompting firms to set aside funding for pipelines and other infrastructure to transport oil and natural gas, observers say. Since the current U.S. pipeline network wasn't developed to accommodate the new production sites, companies are seeking innovative ways to move hydrocarbons, including through tanker trains and barges. One analyst predicts as much as $45 billion will be spent on transportation infrastructure in 2013.

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