Foundation View August 2014

America is actively exploring its ability to produce new forms of energy while decreasing its reliance on foreign sources. The Eddystone Rail Project is one such venture developed in response to the country’s changing supply and demand patterns. East Coast refineries have long sought access to growing supplies of crude oil produced in the U.S., specifically the Bakken region of North Dakota, to avoid paying higher prices for imported oil. With a goal of expanding access to long-term, economical supplies of crude petroleum produced domestically, the Eddystone Rail Project would distribute oil throughout the Philadelphia-area refinery market, which represents a key segment of the East Coast’s almost one million barrels per day of refining capacity.

Click to view our Foundation View Commercial Newsletter August 2014 newsletter here