Kind of a off the wall question....
Yesterday went for a drive to a neighboring small town in E ND to look at something. I've not been there in several years at least. Along the way, there is a seldom used rail line and there were literally miles of tank cars setting on it. That line goes to a dead end (at one time went into Fargo, tracks pulled up decades ago) and these cars were sitting from about a mile from the end extending several miles down. In recent years, the only time those rails have been used was to ship grain from the town I live in but urbanization is overtaking so I don't think I've seen any use for the grain terminal for a couple of years anymore and fully expect it to be on a short list in the near future.
Obviously wondered what all these parked cars is all about and there must be a "glut" of tank cars right now for whatever reason. I didn't get close enough to tell if these were the sort that oil gets transported on or not. At one time a few years ago, a lot of oil from Western ND was going via tank cars through Fargo and then points south and east. Not sure if that is still the case.
EDIT:
I wonder if this almost 1 yr old article may explain it....
Overflowing Oil Tanks Have Traders Eyeing Rail Cars for Storage - Bloomberg
Yesterday went for a drive to a neighboring small town in E ND to look at something. I've not been there in several years at least. Along the way, there is a seldom used rail line and there were literally miles of tank cars setting on it. That line goes to a dead end (at one time went into Fargo, tracks pulled up decades ago) and these cars were sitting from about a mile from the end extending several miles down. In recent years, the only time those rails have been used was to ship grain from the town I live in but urbanization is overtaking so I don't think I've seen any use for the grain terminal for a couple of years anymore and fully expect it to be on a short list in the near future.
Obviously wondered what all these parked cars is all about and there must be a "glut" of tank cars right now for whatever reason. I didn't get close enough to tell if these were the sort that oil gets transported on or not. At one time a few years ago, a lot of oil from Western ND was going via tank cars through Fargo and then points south and east. Not sure if that is still the case.
EDIT:
I wonder if this almost 1 yr old article may explain it....
Overflowing Oil Tanks Have Traders Eyeing Rail Cars for Storage - Bloomberg
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