U.S. Rail Transportation of Crude Oil - Background and Issues for Congress
by Congressional Research Service (9781512391978)

U.S. Rail Transportation of Crude Oil - Background and Issues for Congress
 
Congressional Research Service
Format: Paperback / softback
Pages: 30
Publisher: Createspace
ISBN: 9781512391978
ISBN-10: 1512391972



North America is experiencing a boom in crude oil supply, primarily due to growing production in the Canadian oil sands and the recent expansion of shale oil production from the Bakken fields in North Dakota and Montana as well as the Eagle Ford and Permian Basins in Texas. Taken together, these new supplies are fundamentally changing the U.S. oil supply-demand balance. The United States now meets 66% of its crude oil demand from production in North America, displacing imports from overseas and positioning the United States to have excess oil and refined products supplies in some regions.

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