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Crude-by-rail forecast shows steady growth in Bakken, western Canada

PLG Consulting recently introduced a detailed forecasting service for North American crude-by-rail volume through 2018.

Based on 11 key interrelated variables, the firm has created a base forecast that includes high and low case scenarios to assess upcoming changes in the American and Canadian unconventional oil supply chain.

For example, PLG anticipates a 12 percent to 15 percent compound annual growth rate in Bakken crude-by-rail volume, and a 40 percent to 50 percent compound annual growth rate in western Canadian crude-by-rail volume through 2017.

Contact Progressive Railroading editorial staff.

More News from 4/24/2014