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Bad News for Pipelines – Good News for Rail

One of the first oil pipelines originated in the 1860s, when the Oil Transport Association constructed a wrought iron pipeline from an oil field in Pennsylvania to a railroad station 6 miles away. The pipeline was only 2 inches in diameter. Pipelines are generally more economical than shipping by railroad. But they have more regulatory hurdles. With the recent problems with getting approval for the Keystone XL pipeline, rail transportation has been growing.

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Oil Prices- Where Now?

Conflicting Forces at Play with Oil Prices An Interview with Mike Shedlock  As markets continue to yo-yo and commentators deliver mixed forecasts, investors are faced with some tough decisions and have a number of important questions that need answering. OilPrice.com was fortunate enough to speak with the award winning economic commentator Mike “Mish” Shedlock. His blog: Mish’s

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The Drop Like a Rock Scenario for U.S. Markets

By Elliott Wave International Financial markets always have always posed two basic questions that investors seek to answer: What’s the direction of the main trend? How far will it go? Systematic approaches to these questions commonly belong to either fundamental or technical analysis. Let’s consider each one briefly. Fundamental analysis studies how a market behaves in response

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