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Jumping aboard the North Dakota oil-by-rail shipping boom

startribune -- Two years ago, Gabe Claypool had nothing to do with oil and railroads.

Today, he is CEO of a Wayzata-based company that ships 3.5 percent of North Dakota's oil to East Coast and other refineries in railroad tank cars.

The company, Dakota Plains Holdings, is part of a revival of the old way of shipping crude oil -- via rail -- that last flourished during World War II. And it's another case of North Dakota's oil boom igniting spinoff businesses.

"If the capacity to move oil isn't there by pipeline, the only alternative is to get it out by rail -- or you stop producing oil until the pipelines catch up," Claypool said in an interview.

Claypool, 37, who grew up on a farm in Hampton, Iowa, was living in Minnesota in 2011 when investors in Wayzata and Minneapolis approached him to run their

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Submitted Jan 20, 2013 By: Italianman

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honda0105 Champion Author Tallahassee Posts:18,828 Points:1,637,220 Joined:Nov 2008	Message Posted: Jan 24, 2013 5:54:57 AM Ignore honda0105 Report Abuse we'll see how long it lasts.
Chris46 Champion Author Dayton Posts:23,954 Points:2,107,475 Joined:Sep 2005	Message Posted: Jan 22, 2013 11:29:47 PM Ignore Chris46 Report Abuse Good old American capitalism at its finest!
7SPEEDY7 Champion Author Flint Posts:1,421 Points:632,925 Joined:May 2011	Message Posted: Jan 21, 2013 3:21:01 PM Ignore 7SPEEDY7 Report Abuse ALL ABOARD.......
tomok Champion Author Portland Posts:33,598 Points:2,373,210 Joined:Aug 2006	Message Posted: Jan 21, 2013 3:22:20 AM Ignore tomok Report Abuse Jumping aboard the North Dakota oil-by-rail shipping boom! Without a pipeline to move the oil more efficiently, the railroad is the next best thing. Get the oil shipping business while you can, things can change. Whatever the size or shape of the vehicle, vehicle manufactures Produce and the population ‘Drives’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. The price of fuel at the pump is too high! XII/XXII/MMXII! - The Day After......
rickfro All-Star Author San Diego Posts:693 Points:332,080 Joined:Nov 2008	Message Posted: Jan 21, 2013 1:51:35 AM Ignore rickfro Report Abuse Whatever works.
VikingWoman Champion Author Washington Posts:1,445 Points:278,555 Joined:May 2012	Message Posted: Jan 21, 2013 1:28:15 AM Ignore VikingWoman Report Abuse good for jobs
BobD2009 Champion Author Long Island Posts:7,129 Points:1,267,485 Joined:Apr 2009	Message Posted: Jan 21, 2013 12:53:48 AM Ignore BobD2009 Report Abuse Glad they are not using Amtrak.
CiVX Champion Author Oakland Posts:7,146 Points:1,384,135 Joined:Feb 2009	Message Posted: Jan 21, 2013 12:53:41 AM Ignore CiVX Report Abuse boom
frostyWV Champion Author West Virginia Posts:2,339 Points:519,235 Joined:May 2011	Message Posted: Jan 21, 2013 12:51:35 AM Ignore frostyWV Report Abuse have oil will travel.
animal63 All-Star Author Indiana Posts:950 Points:1,050,425 Joined:Oct 2008	Message Posted: Jan 21, 2013 12:51:33 AM Ignore animal63 Report Abuse It's good for job creation.
yyc2yow All-Star Author Ottawa Posts:777 Points:595,895 Joined:Dec 2009	Message Posted: Jan 21, 2013 12:49:44 AM Ignore yyc2yow Report Abuse could be very bad if spills
KrsnaDragon Champion Author Montreal Posts:2,547 Points:559,000 Joined:Nov 2011	Message Posted: Jan 21, 2013 12:46:51 AM Ignore KrsnaDragon Report Abuse Interesting and informative article.
10k Champion Author North Carolina Posts:21,489 Points:2,281,720 Joined:May 2006	Message Posted: Jan 21, 2013 12:46:40 AM Ignore 10k Report Abuse and the first time one of these trains jumps the track, y'all enviro-terrorists will be screaming again..build the d*mn pipeline !!!.. [Edited by: 10k at 1/21/2013 12:47:00 AM EST]
boatfloyd Champion Author Jacksonville Posts:1,858 Points:415,675 Joined:Mar 2012	Message Posted: Jan 21, 2013 12:44:18 AM Ignore boatfloyd Report Abuse Go where the money is.
heartbroken2010 Champion Author Ottawa Posts:4,485 Points:925,235 Joined:Aug 2010	Message Posted: Jan 21, 2013 12:43:48 AM Ignore heartbroken2010 Report Abuse wise guy here, goes with what he sees coming.
probedude2 Champion Author Akron Posts:12,693 Points:2,407,905 Joined:Jun 2003	Message Posted: Jan 21, 2013 12:43:25 AM Ignore probedude2 Report Abuse Look, Obama DID create some jobs!
suicyco16 All-Star Author Phoenix Posts:599 Points:311,585 Joined:Jun 2012	Message Posted: Jan 21, 2013 12:41:59 AM Ignore suicyco16 Report Abuse Super dee duper
Aserdaten Champion Author Florida Posts:3,562 Points:2,079,445 Joined:Apr 2006	Message Posted: Jan 21, 2013 12:41:49 AM Ignore Aserdaten Report Abuse Who would have thought that railroads would have cashed in on fracking business. But what the h---, go for it!
pricechecker08 Champion Author Ohio Posts:8,016 Points:1,728,400 Joined:Jan 2008	Message Posted: Jan 21, 2013 12:40:36 AM Ignore pricechecker08 Report Abuse Great
pgerassi Champion Author Milwaukee Posts:11,036 Points:2,159,245 Joined:Apr 2007	Message Posted: Jan 21, 2013 12:36:59 AM Ignore pgerassi Report Abuse Good for him.
SaturnSC Champion Author Columbus Posts:1,056 Points:857,600 Joined:Nov 2008	Message Posted: Jan 21, 2013 12:36:17 AM Ignore SaturnSC Report Abuse Jumping
LanguageMan1 Champion Author Tampa Posts:11,861 Points:1,688,515 Joined:Apr 2008	Message Posted: Jan 21, 2013 12:33:30 AM Ignore LanguageMan1 Report Abuse I wish I had the extra money to invest into the railroad companies shipping out the oil.
Zonk Champion Author Michigan Posts:6,621 Points:2,130,465 Joined:Oct 2005	Message Posted: Jan 21, 2013 12:33:00 AM Ignore Zonk Report Abuse Good money to be made in rail transportation of oil.
mrreferee Champion Author Savannah Posts:1,366 Points:580,480 Joined:Jun 2011	Message Posted: Jan 21, 2013 12:30:54 AM Ignore mrreferee Report Abuse i am not smart enough o commet
gaspumpin Champion Author Indiana Posts:1,792 Points:415,820 Joined:Apr 2012	Message Posted: Jan 21, 2013 12:30:16 AM Ignore gaspumpin Report Abuse Old news
silverfoxv65 Champion Author Michigan Posts:4,623 Points:1,257,300 Joined:Sep 2009	Message Posted: Jan 21, 2013 12:30:12 AM Ignore silverfoxv65 Report Abuse Got to do what you got to do and that is it.
ILANGE9 Champion Author Illinois Posts:7,759 Points:1,624,900 Joined:Sep 2008	Message Posted: Jan 21, 2013 12:29:45 AM Ignore ILANGE9 Report Abuse More old news.
jim27106 All-Star Author North Carolina Posts:783 Points:804,620 Joined:Feb 2009	Message Posted: Jan 21, 2013 12:27:57 AM Ignore jim27106 Report Abuse I assume a train with oil does like 60 mph. How fast does oil go in a pipe. If anyone knows please post something on my whiteboard.
yakstar Champion Author Montreal Posts:2,555 Points:507,225 Joined:Jan 2012	Message Posted: Jan 21, 2013 12:27:36 AM Ignore yakstar Report Abuse nothing like a railroad!
GasholeMI Champion Author Lansing Posts:10,279 Points:1,745,690 Joined:Jul 2008	Message Posted: Jan 21, 2013 12:26:47 AM Ignore GasholeMI Report Abuse Build the pipeline. It is a no-brainer.
TIGERPAW46 Champion Author Florida Posts:7,241 Points:1,379,620 Joined:Mar 2004	Message Posted: Jan 21, 2013 12:26:15 AM Ignore TIGERPAW46 Report Abuse Rail & Truck cost more & is more dangerous than Pipelines.
Blue_Cruzer Champion Author Lexington Posts:7,660 Points:1,697,285 Joined:Mar 2007	Message Posted: Jan 21, 2013 12:25:38 AM Ignore Blue_Cruzer Report Abuse Makes sense instead of the pipelins.
ican2step Champion Author Pittsburgh Posts:1,811 Points:452,400 Joined:Feb 2012	Message Posted: Jan 21, 2013 12:24:54 AM Ignore ican2step Report Abuse Neat
wshutton Champion Author Los Angeles Posts:1,810 Points:951,875 Joined:Mar 2009	Message Posted: Jan 21, 2013 12:24:04 AM Ignore wshutton Report Abuse One advantage rail shipment has over pipelines is the destination can be changed as needed so long as the rail runs there. And all refineries seem to have some rail access. Even the Chevron refinery in El Segundo, CA which is on the coast in Los Angeles can be accessed by rail.
snky2k Champion Author Indianapolis Posts:1,523 Points:330,590 Joined:Mar 2012	Message Posted: Jan 21, 2013 12:22:16 AM Ignore snky2k Report Abuse Choo-choo cha-ching!
CDMAuto Champion Author Connecticut Posts:3,932 Points:781,555 Joined:Apr 2011	Message Posted: Jan 21, 2013 12:21:43 AM Ignore CDMAuto Report Abuse Trains helped make this country they can also help save this country
kgbellman Champion Author Ann Arbor Posts:2,854 Points:759,540 Joined:Mar 2011	Message Posted: Jan 21, 2013 12:21:29 AM Ignore kgbellman Report Abuse It's been working for decades
jimpricehunter Veteran Author Dallas Posts:272 Points:164,210 Joined:Aug 2012	Message Posted: Jan 21, 2013 12:21:03 AM Ignore jimpricehunter Report Abuse I said, What is it? And he said, This is the ephah vessel that goes forth; and he said, This is their appearance in all the land; (Then a lead cover was lifted up) and there was a woman sitting within the ephah vessel. Then he said, This is Wickedness. And he threw her down into the midst of the ephah vessel and threw the lead weight over its opening. Then I lifted up my eyes and I looked, and there were two women going forth, and the wind was in their wings; and they had wings like the wings of a stork. And they lifted up the ephah vessel between the earth and the sky. And I said, Where are they taking the ephah vessel? And he said to me, To build a house for her in the land of Shinar; and when it is prepared, she will be set there in her own place.
swepson Champion Author Greensboro Posts:5,606 Points:1,578,325 Joined:Jul 2008	Message Posted: Jan 21, 2013 12:20:49 AM Ignore swepson Report Abuse If you've no pipe, it's the cheapest way to go.
MidNJ Champion Author New Jersey Posts:7,686 Points:1,197,290 Joined:Sep 2009	Message Posted: Jan 21, 2013 12:19:45 AM Ignore MidNJ Report Abuse Crreed1, "old news"? I disagree, this is current news that we must continue to discuss.
medic319 All-Star Author Akron Posts:733 Points:267,485 Joined:Mar 2012	Message Posted: Jan 21, 2013 12:18:42 AM Ignore medic319 Report Abuse Lots of rail cars full of oil passing through my town! There are lots of pipelines too.
N5EXY Champion Author Austin Posts:5,633 Points:1,537,310 Joined:Jul 2004	Message Posted: Jan 21, 2013 12:17:57 AM Ignore N5EXY Report Abuse Thank Rocky Feller for rail cars or we would ship it in barrels.
WIPACKERFAN Champion Author Chicago Posts:8,944 Points:1,871,150 Joined:Aug 2005	Message Posted: Jan 21, 2013 12:17:43 AM Ignore WIPACKERFAN Report Abuse OK
crreed1 Champion Author West Virginia Posts:2,100 Points:2,550,715 Joined:May 2005	Message Posted: Jan 21, 2013 12:16:40 AM Ignore crreed1 Report Abuse old news
Aviator_Rob Champion Author New York Posts:3,992 Points:440,815 Joined:Mar 2012	Message Posted: Jan 21, 2013 12:15:31 AM Ignore Aviator_Rob Report Abuse @judgemobile is against everything.
must87searcher Champion Author Maryland Posts:9,120 Points:1,807,810 Joined:Apr 2008	Message Posted: Jan 21, 2013 12:14:38 AM Ignore must87searcher Report Abuse There are a number of forms of transportation, and at this time, railroad is in operation. The rail line have been traveling through the Dakotas for over a century now, and there is more than one line traveling toward the east coast.
mfeldstein Champion Author Ottawa Posts:8,301 Points:1,956,230 Joined:Feb 2007	Message Posted: Jan 21, 2013 12:13:49 AM Ignore mfeldstein Report Abuse Old article.
iamforiu Champion Author Indiana Posts:3,710 Points:738,465 Joined:May 2011	Message Posted: Jan 21, 2013 12:12:53 AM Ignore iamforiu Report Abuse time will tell
jkpsr Champion Author New Jersey Posts:4,207 Points:1,127,915 Joined:Jun 2005	Message Posted: Jan 21, 2013 12:12:34 AM Ignore jkpsr Report Abuse They are shipping it to Philadelphia.
MidNJ Champion Author New Jersey Posts:7,686 Points:1,197,290 Joined:Sep 2009	Message Posted: Jan 21, 2013 12:11:34 AM Ignore MidNJ Report Abuse Ricebike, "they'll find ways to lower the supply to keep gas prices high" ????????????????????????????\ Who is "They?"