The American Petroleum Institute (API)
recently joined the Shipper Coalition for Railroad Competition in filing
comments supporting competitive rail switching, a measure that would make rail
shipment rates more susceptible to market forces.
“U.S. innovation and free markets have
allowed our nation to lead the world in the production of oil and natural gas
and in the reduction of carbon emissions, which are near 20-year lows,” API Midstream Group Director Robin Rorick said. “Increasing competition in our
nation’s railroads will help bring our nation’s energy resources to market more
efficiently.”
Competitive rail switching is being
considered as the Surface Transportation Board considers updates to its rules for rail
shipments. The API, which represents more than 625
companies in the oil and natural gas industry, supports the measure as a way to
garner better prices for transporting oil and gas products.
“A market driven approach benefits
consumers by providing opportunities for competition,” Rorick said. “Lowering
the cost of delivering our industry’s products will further perpetuate the
gains our nation has achieved in this energy renaissance which has lowered
energy costs for consumers and provided great benefits to American workers.”
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