"The oil-train boom is waning almost as quickly as it began.

Rail became a major way to move crude after companies began unlocking new bounties of oil from shale formations, with volumes rising from almost nothing in 2009 to more than one million barrels a day by 2014, according to the U.S. Energy Information Administration.

But those numbers began falling after oil prices started tumbling two years ago, and aren’t projected to recover anytime soon. In April, just 430,000 barrels of oil rode the rails each day, according to the latest federal figures."

Alison Sider and Laura Stevens report for the Wall Street Journal July 25, 2016. [2]

SEE ALSO:

"Keystone’s Death Means Record Oil Revival for Canadian Railways" (Bloomberg) [3]

"Canada To Accelerate Oil Train Car Phaseout" (The Hill) [4]

"US Environmentalists Take Aim At Second Transcanada Pipeline" (AP) [5]

"Planned Gas Pipeline Construction on East Coast Puts Climate at Risk: Report" (DeSmog) [6]