BNSF staying in the oil shipping business

Burlington Northern CEO Matt Rose last week at a Montana economic development event said the railroad has invested billions in railcars, locomotives and track improvements to ship crude oil out of the booming Bakken Shale field in North Dakota and Montana, even if the Keystone XL pipeline is completed. Rose said BNSF’s oil shipments out of the Bakken went from 1.3 million barrels in 2008 to 90 million barrels in 2012, and with another 35 facilities for unloading crude oil from trains being built, there will be even more shipments, the Billings Gazette reported.

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-- Jim Fuquay