CBR

Alberta looks to dump multi-billion-dollar tar sands trains

Government oil trains were to start running Alberta’s glut of sludgy bitumen to foreign markets July 1 under a US$2.8 billion contract committing provincial taxpayers to the leasing of 4,400 tank cars and guaranteed payments to CN and Canadian Pacific. For the time being, they will be costly ghost trains that earn the railways real money for no haulage.

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Alberta tar just can’t get no satisfaction

After months of whining about low market value for its low-grade psuedo-oil, the Alberta government announced in November that it would purchase and operate a vast fleet of 7,000 tank cars and 80 locomotives—arguing, in Canutian defiance of Economics 101, that more supply would push up demand and price. Then, only days later in a panicked and completely opposite action, Alberta imposed production quotas to reduce supply.

All she wants for Christmas are her two tank trains

Not for Rachel Notley are Festivus, Yule and other neo-pagan solstice celebrations for the politically minded. No, the Alberta Premier clings to Christmas tradition, or more accurately the toy catalog of yore, with its yummy pages of pointlessly looping Lionel trains.

Alberta government says tank car order imminent

In a move that it says will increase demand and pricing for Alberta’s tar sands bitumen, the provincial government has affirmed that it will imminently sign orders for two unit-train’s worth of oil tank cars. The deal will be signed by year-end, Premier Rachel Notley declared Nov. 28. The carbuilder was not disclosed.

Tempest in a tank car

Industry watchers greeted the news of the recent BNSF derailment in Doon, Iowa, as typical ho-hum news. 32 tank railcars hauling crude derailed on a stretch of track that had been compromised by floodwaters. Several of the cars were ruptured and there was a crude spill. Emergency services (BNSF and others) were able to contain the size of the spill, and residents of the area were evacuated as a precaution. Luckily for all parties involved, there was no conflagration whatsoever as a result of the derailment.

Canadian CBR revival?

TransCanada Corp’s recent decision to abandon its $12 billion plan to build the Energy East pipeline, combined with delays to other export pipeline projects, may create a resurgence in crude by rail (CBR) from Canada, according to a report from Reuters.