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California Getting Record Volume of Canadian Oil by Rail

January 31, 2014 | Bloomberg News |  California, the third-largest oil-refining state in the U.S., is bringing in a record volume of oil from Canada by rail as it faces shrinking supplies from Alaska and within the state.

The most populous U.S. state received 709,014 barrels of crude from Canada by rail in December, a 4.9 percent increase from November and up from zero a year ago, data posted on the state Energy Commission’s website show. Canada made up 67 percent of the state’s total oil-by-rail receipts. North Dakota, where fields in the Bakken formation are producing a record volume of crude, shrank to a 5.9 percent share.

[Read the entire article here.]

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