Alberta to Buy Rail Cars for Oil
David Ljunggren | Alberta Farmer Express
The Alberta government is in talks to buy rail cars to transport 120,000 barrels per day of crude oil and expects a deal to conclude within weeks, Premier Rachel Notley said Wednesday, as the province takes actions to move oil stuck in the region because of a lack of pipeline capacity.
The added capacity and dedicated service would also ensure grain and other agricultural products “would not be affected by having to compete for space on existing trains,” the province said in a release.
Notley, who says the cars are needed to help deal with stranded oil that has slashed the price of Alberta oil, told a business audience she was disappointed that the federal government was not helping fund the purchase…(Read the full story)