Rail gains in crude oil market: Morgan Stanley
Mar 14, 2013 | 12:10 PM
| Thorsten Schier
Tags
Morgan Stanley,
Stephen Maresca,
Evan Calio,
William Greene,
rail,
crude oil,
pipelines,
Thorsten Schier
NEW YORK — Morgan Stanley analysts see the trend of "crude by rail" growing in the next two years as domestic oil output ramps up, although they said the trend is unlikely to threaten pipelines in the long term.
"Rail is a flexible solution for producers in that it can offer shorter-term contracts and a different geographic end market. We believe rail will be a bigger part of the takeaway solution medium-term but we see it as a supplement to pipelines, not as a replacement of pipelines," Stephen Maresca, the bank’s master limited partnerships and diversified natural gas companies....
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