How is crude oil delivered?
How is crude oil delivered? Today, 60% of all transported oil is transported by oil tanker. But transporting oil by ships is not without risks. Oil can be spilled from tankers during accidents at sea, or while cargo is being loaded or unloaded. Oil spills from tanker ships happen less often than spills from trains and trucks. How much does it cost to ship a barrel of oil? On average, it costs about $5 per barrel to transport oil and gas by pipeline compared to $10-$15 a barrel for rail and $20 a barrel by truck. Rail is faster than...