5 days ago
Crude-by-rail opponents are hoping that Benicia's rejection of a proposed rail terminal for a Valero refinery will set a precedent: it was enabled by a U.S. Surface Transportation Board decision allowing the city to have the final word.
October 10, 2014, 12pm PDT
The surge in oil production has not benefited California, but that's about to change. Shale oil from North Dakota and other states costs $15 less than imported oil. After transportation costs, California refineries would save $3 per barrel.
December 12, 2013, 7am PST
With many oil pipelines stalled due to popular opposition and/or regulatory hurdles (e.g. Keystone XL and Northern Gateway, or even refineries opting for more flexibility) there seemed to be no end to the growth in moving oil by rail...until now.
The Wall Street Journal - Business