blockline4180 wrote:wolfboy8171981 wrote:
Just wait until the Crude Oil trains make North Jersey its port of call.
Wolf,
Is there any way you can elaborate on this?? Do you have any inside information or some sort of timetable when the oil train may start running into Linden, Perth Amboy or wherever else they are destined to go??
Also how many oil trains a day on the Lehigh line can you foresee in the future??
Thanks!
Steve
"Phillips 66 (PSX) signed a five-year deal with Global Partners, which will rail in about 50,000 barrels of Bakken crude each day into Phillips 66’s refinery in Bayway, N.J. "
http://www.businessweek.com/articles/20 ... east-coast
However, another article from a different publication, dated March 2nd, which is behind a proprietary site's password states the rail contract is with Canadian Pacific. Another article at that site states that CP Rail will deliver the crude to Global's Albany, NY terminal. A third article states that Global will transload at Albany to barge. A fourth states that Phillips may ultimately increase bakken receipts at Linden to 100,000 bbls per day.