CNBC reporter Frank Byrt travelled to the Bakken region of North Dakota and wrote this report: Among the biggest beneficiaries of the demand for transport of crude oil out of North Dakota’s Bakken shale region are the owners of the two main rail links to the region, Canadian Pacific Railway and Burlington Northern Santa Fe, which is owned by Warren Buffett’s Berkshire Hathaway.
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MP: The chart above shows annual rail car shipments of oil for the years 2007 to 2011 according to rail traffic reports from the American Association of Railroads, and an estimate for 2012 shipments based on data through Week 34 of this year. The number of carloads transporting oil this year will likely be at least 35% ahead of last year. Rail shipments of oil year to date this year are 41% ahead of last year, and shipments for Week 34 (the week ending August 25) were 56% above the same week last year. Please read full and follow at:
