Friday, September 27, 2013

California getting more of its oil by rail

All CA is doing is making Warren Buffett even richer (he invested heavily in the freight train industry a few years ago).  But I guess they are ok with that.  On top of that, moving oil by train is more expensive.  So, add that cost to your gallon of gas.

More than 200,000 barrels of crude per month were imported into California this summer, a fourfold increase from early 2012, according to data compiled by the California Energy Commission. Though the total amount is still small, it marks a little-noticed departure from the state's reliance on its own declining oil patches, the Alaskan North Slope and foreign nations, led by Saudi Arabia.
The fact that CA has to import ANY oil into the state is just sad considering the huge oil deposits they are sitting on.




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