What’s Happening in the Oil Industry?

Last week I again found myself waiting at a railway crossing, waiting for a train carrying oil to pass. As I waited, I got to thinking. Such trains were a rarity just a few years ago, but they are becoming increasingly common. We are told this increase in rail traffic is occurring because there is a lack of pipeline capacity. Without pipelines, the only way to move the oil is by rail. We are pointed to the Trans-Mountain Expansion Project, the Enbridge Northern Gateway Project, Keystone XL Project, all pipeline projects on hold.