More than 10 percent of the oil transported in North American will be carried on the region’s rail system at its peak, analysis from IHS Energy finds. The Organization of Petroleum Exporting Countries finds the world needing less of its crude oil in part because of the glut in the North American market brought on by shale. The United States alone is producing around 9 million barrels of oil per day and, with the existing pipeline network lacking the capacity to handle the load, those in the industry are turning to rail as an alternate transit method. “Rail transport of crude oil has become an enabler of growth in North America, playing a crucial role as pipeline capacity has struggled to keep pace with the rapid rise of North American oil […]