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Oil pipeline capacity filling faster than expected

Published by Steve Coleman on March 29, 2012

Canada's resource boom may be good business, but it's getting to the point where it may become too big for its own good.

A Reuters analysis story says Canada may soon run into problems getting the oil to the US market because available pipelines are creeping closer to full capacity.

North Dakota has also been increasing its crude oil production from shale deposits as production ramps up even more in Alberta.

One consultant interviewed suggested Canada will need new pipeline capacity by 2014-15 or start feeling a squeeze similar to the one in the American Midwest. In Cushing, Okla., suppliers have had to call in trains and tractor trailers to get the backlog of oil to market.

For a deeper look at the issue, visit the following link.

 

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