Choke Points: Pipeline Infrastructure
The WSJ has an interesting article on the need for more take-away infrastructure in the Bakken: "The reason for Clearbrook crude's big discount to WTI is much the same as for WTI's big discount to Brent: logistics. The volume of oil heading into Clearbrook has surged. North Dakota's output in 2005 was below 100,000 barrels a day. Today, it is more than five times that level and rising as development of shale resources has exploded. Meanwhile, Canadian producers trying to move their oil south toward the Gulf Coast also are filling local pipelines."
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