JEFFERSON CITY, Mo. — A proposed $20 million project to ship crude oil from North Dakota down the Mississippi River is unlikely to go forward as a result of a Missouri Supreme Court ruling Tuesday blocking the use of eminent domain by a port authority.
While some in Dickinson — particularly on the south side of town — might only notice a passing train when it’s holding up traffic at a crossing or when its horn is alerting motorists and pedestrians, the railroad is actually a key logistic component of the Bakken oil play.
CARACAS, Venezuela — A huge explosion rocked Venezuela’s biggest oil refinery and unleashed a ferocious fire Saturday, killing at least 26 people and injuring more than 80 others in one of the deadliest disasters ever to hit the country’s key oil industry.
North Dakota’s unexpected oil boom has triggered a surprising development that people outside the industry have yet to grasp: U.S. domestic crude oil must now compete with Canadian imports for space on the nation’s pipeline system.
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