How Iran deal could cut Albany oil traffic

Times Union | July 14, 2015 | Post by Eric Anderson

Analysts are saying that the Iran nuclear deal likely will open the door to Iran’s oil reserves, the third largest in the world, expanding the glut of crude on the market and squeezing out higher-cost suppliers. Those would include the “light, tight oil” supplied by domestic hydrofracking.

Albany, of course, is a major transshipment point for the shale flowing from North Dakota’s oil fields, which are already struggling to compete with a glut of Saudi oil. The port sees as many as 700 trains a year, each a mile long, arriving from the Bakken fields.

A story from Fortune magazine is here.

http://blog.timesunion.com/business/how-iran-deal-could-cut-albany-oil-traffic/67798/

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PAUSE, People of Albany United for Safe Energy posted about How Iran deal could cut Albany oil traffic on PAUSE, People of Albany United for Safe Energy's Facebook page 2015-07-14 14:19:44 -0400
How Iran deal could cut Albany oil traffic
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PAUSE, People of Albany United for Safe Energy
PAUSE is a grassroots group of individuals who have come together to promote safe, sustainable energy and fight for environmental justice. We engage the greater public to stop the fossil fuel industry’s assault on the people of Albany and our environment.