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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
As the oil boom outgrows the US pipeline network, the oil industry is increasingly using alternatives such as rail to transport crude oil across the country. Between 2008 and 2013, annual crude oil transported by rail in the U.S. grew from 9,500 to 407,761 carloads (about 275 million barrels), according to the Association of American Railroads (AAR). During the same period, a debate about the safety of oil-by-rail has arisen in response to a few high profile accidents and spills, including the Lac-Mégantic derailment in Quebec on July 6th, 2013 that killed 47 people and destroyed half the town. At… [more]View Insight