Why shipping oil by rail can be more expensive, less reliable—and still attractive
Автор: Chicago Booth Review
Загружено: 2018-08-06
Просмотров: 2839
Описание: review.chicagobooth.edu | Although big pipeline projects have attracted a lot of attention in recent years, shipping via rail has remained a popular option for those who move oil, with 10 percent of American crude production from 2010-2014 transported by rail. But given that rail is often more expensive and less reliable than pipelines, why is it still shouldering a sizable portion of the job of moving America's oil? Research from Chicago Booth's Thomas R. Covert and Chicago Harris' Ryan Kellogg suggests flexibility may be a big part of the answer—and that planners in other arenas can learn from how the oil industry balances low, fixed costs with high, more variable prices.
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