|  Clifton Linton

Why Storing Crude in Tank Cars Didn’t Work

In early April, talk surfaced about putting oil in a creative new storage spot -- railroad tank cars. By no means would this solution solve the global storage crisis. It might help some producers -- a little. One strategy that showed promise: buy discounted (read that as distressed Canadian or Bakken) crude in April, store it in a crude-oil unit train (100 tank cars) until the fourth quarter and then sell it to a Gulf Coast customer....

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