How Does Building New Oil Pipelines Affect The Price Of Heating Oil?

Industrial & Manufacturing Blog

There has been much controversy about the proposed construction of new pipelines to bring oil from the newly accessible deposits in the Northern regions of the United States and Canada to the refineries of the Southern and Eastern regions. While the construction is delayed, oil form these regions must be shipped by rail, which is much slower and more expensive than transporting the oil by pipeline. If proposed pipelines are built, the cost of transporting oil will be reduced, resulting in lower prices for heating oil.

31 January 2017