Crude Oil ( ) Brent Crude ( ) Natural Gas ( ) S&P 500 ( ) PHLX Oil ( )

Last week there was an article in the Wall Street Journal (WSJ) describing how shale rail – oil produced by “fracking” shale rock – is finally moving to California.  Crude oil is worthless if it can be transported to refineries.  Shale rail had been moving crude to refineries on the Gulf and East Coasts, but not to California.