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The rapid increase in U.S. oil production has had a number of impacts. One of these is that shipping of crude oil by rail has increased more than 400% since 2005, due to pipeline limitations and the sheer pace of development. On Monday, a train carrying 109 oil cars derailed in West Virginia and 20 of the oil cars exploded. Other recent, high profile accidents have rekindled the discussion about the safety of transporting oil-by-rail that began after a derailment in Quebec in July, 2013 killed 47 people. In July 2014, the Department of Transportation issued a new rule proposal… [more]
View Insight[Note: The statements below are intended solely to stimulate discussion among the Expert community, and do not represent the position of OurEnergyPolicy.org. Text in italics indicates clarification or expansion.] The main recommendation is to let the free market do its work. It is likely that gasoline prices will continue to rise over the next 20 years and as a result will encourage consumers to buy more efficient cars, drive less, use more public transportation, live closer to work, etc. Government intervention is required only to nurture the market for oil replacement. The last oil shock and the new economic… [more]
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