The drop in the price of oil since OPEC failed in its meeting last week to agree on production cuts has sparked speculation about whether production in North Dakota’s Bakken shale region will decline as some marginal drilling operations become financially less viable.
Some market observers see the drop in the price of railroad stocks since last week’s OPEC meeting as a harbinger of less Bakken crude being produced and less being moved by rail.
Read the complete story at Roll Call.
Related News
- Andrew Fudge Wins SMART-TD Endorsement in Oregon House Race
- Federal Court Upholds 2-PC
- The fearmongering, speculation, and rhetoric stop now
- Preliminary Injunction Issued To SMART-TD Members On CSXT To Refrain From Self-Help
- He Never Asked for Help. That’s Why We Need to Show Up.
- Stand Beside Brother Dennis Mullen as He Fights for His Life
- Honoring Scott “Shoe” Shoemaker’s Legacy
- Moving Forward Together: A New Chapter for SMART Communications
- Should Truckers Speak for Railroaders?
- Union Sportsmen’s Alliance Celebrates 20 Years With 20 Benelli M2 Shotguns