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Author Topic: Rail explosions won’t curb soaring oil shipments Back to Topics
mastermariner

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Texas

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Message Posted: Dec 31, 2013 5:22:43 PM

The derailment of a train carrying oil in North Dakota on Monday, and the subsequent evacuations caused by its explosion, could draw more regulatory scrutiny to rail shipments of crude. But the soaring use of trains to move oil is a long-term trend that is not likely to change soon, analysts say.

The incident “will continue discussion of safety issues surrounding train transport of crude oil,” investment banking firm Tudor, Pickering, Holt & Co. said in a note to investors on Tuesday. The derailment “could pressure the permitting processes currently ongoing for rail facilities” on the west coast, the note said.

But the trend of heavy rail use for moving oil is here to stay, the firm said.

“Rail will be the long-term transportation solution out of the Bakken (Shale play of North Dakota)
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REPLIES (newest first) Post a Reply
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BarbieLoveJax
Champion Author Jacksonville

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Message Posted: Jan 2, 2014 3:31:55 PM

There are risks in rail and pipelines. Emergency plans must be in place and companies need to act immediately of one arises.
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Alaydown
Champion Author Los Angeles

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Message Posted: Jan 2, 2014 2:32:48 PM

They should have built more pipelines. Rail is too dangerous.
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SkooterG
Champion Author Phoenix

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Message Posted: Jan 2, 2014 3:42:57 AM

Nothing will change while huge profits are to be made.
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oldmack
Champion Author Riverside

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Message Posted: Jan 2, 2014 2:55:40 AM

ok
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NedW
Champion Author Indianapolis

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Message Posted: Jan 2, 2014 1:14:39 AM

Thank you for submitting this article, mastermariner.
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rjoeh
Champion Author Michigan

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Message Posted: Jan 1, 2014 5:31:34 PM

I agree for the short term (5-10 years) unless the Keystone XL ia built to connect both Canadian oil and the Balken Shale oil to refineries about the country.
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bearzz
Champion Author California

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Message Posted: Jan 1, 2014 5:23:39 PM

No one wants accidents but they do occur . . . usually the fault of a human can be found.
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Paul1955
Champion Author Evansville

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Message Posted: Jan 1, 2014 5:23:20 PM

Old news
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giwan
Champion Author Michigan

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Message Posted: Jan 1, 2014 5:22:16 PM

Need oil and no one wants a pipeline SOOOOOOO........
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No1ConMan
Champion Author Memphis

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Message Posted: Jan 1, 2014 5:21:48 PM

Pipe lines should be the major focus both above ground as well as below!
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lkozark
Champion Author Missouri

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Message Posted: Jan 1, 2014 5:20:33 PM

Ok
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BPonRTE66
Champion Author California

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Message Posted: Jan 1, 2014 5:17:38 PM

Happy New Year
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Valricoslash
Champion Author Tampa

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Message Posted: Jan 1, 2014 5:14:17 PM

Build a pipeline.
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gamalerin
Champion Author Tampa

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Message Posted: Jan 1, 2014 5:14:16 PM

Happy New Year!!!!
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bobdec
Champion Author Miami

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Message Posted: Jan 1, 2014 5:14:15 PM

Rare occurrence.
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itsjustme719
Champion Author Hamilton

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Message Posted: Jan 1, 2014 5:10:20 PM

I guess saving lives is less important than profits.
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nigelb
Champion Author Virginia

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Message Posted: Jan 1, 2014 5:08:35 PM

Old article.
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bad_sailor
Champion Author London

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Message Posted: Jan 1, 2014 5:08:32 PM

It figures.
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OU8121959
Champion Author Grand Rapids

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Message Posted: Jan 1, 2014 5:03:34 PM

great
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SSchmidty
Champion Author Illinois

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Message Posted: Jan 1, 2014 5:03:18 PM

OLD news
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mobilewelder98
All-Star Author Massachusetts

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Message Posted: Jan 1, 2014 5:03:04 PM

what ever
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checkitnow
Champion Author Atlanta

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Message Posted: Jan 1, 2014 5:00:43 PM

pipeline is safer than rail
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tidalwave3
Champion Author Tallahassee

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Message Posted: Jan 1, 2014 4:59:17 PM

only the pipeline will slow down train accidents, because Railroads won't be making money off of dangerous operations :)
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waynemustang
Champion Author Indiana

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Message Posted: Jan 1, 2014 4:58:54 PM

It shouldn't.
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ChuckGVT
Champion Author Vermont

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Message Posted: Jan 1, 2014 4:58:19 PM

Old.
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Cloclo103
Champion Author Ottawa

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Message Posted: Jan 1, 2014 4:50:36 PM

ok
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Gramps001
Champion Author North Carolina

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Message Posted: Jan 1, 2014 4:48:54 PM

DITTO
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Alfied
Champion Author Riverside

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Message Posted: Jan 1, 2014 4:47:15 PM

Build more pipelines.
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alsal55
All-Star Author Twin Cities

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Message Posted: Jan 1, 2014 4:46:21 PM

Its in everyone's best interest, including the Oil Companies, to ship it safely. Nobody wins when there are oil transport accidents.
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Poutine
All-Star Author Winnipeg

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Message Posted: Jan 1, 2014 4:45:56 PM

Can't ship much oil by truck, so what choices do you have??? Rail or pipeline!!!
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doncNJ
Champion Author New Jersey

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Message Posted: Jan 1, 2014 4:44:03 PM

It is what it is but we need a pipeline.
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Conquest3
All-Star Author St. Louis

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Message Posted: Jan 1, 2014 4:42:31 PM

Pipeline still best solution.
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wshutton
Champion Author Seattle

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Message Posted: Jan 1, 2014 4:41:47 PM

How about soaring railroad safety and anti-derailment investments?
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fcdriver
Champion Author Tennessee

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Message Posted: Jan 1, 2014 4:36:28 PM

just keep it safe
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ED6
Champion Author Riverside

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Message Posted: Jan 1, 2014 4:31:21 PM

Yep!
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Mr.Dirt
Champion Author Albany

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Message Posted: Jan 1, 2014 4:26:37 PM

lets hope they get it right
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kirzon484
Champion Author Atlanta

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Message Posted: Jan 1, 2014 4:23:13 PM

interesting
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mh2014
Sophomore Author Maryland

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Message Posted: Jan 1, 2014 4:21:49 PM

And happy 2014 to you too.
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ramshot412
Champion Author Riverside

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Message Posted: Jan 1, 2014 4:19:55 PM

Happy New Year Gas Buddies.
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Schlunggi
All-Star Author New Jersey

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Message Posted: Jan 1, 2014 4:19:50 PM

OLD!
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fullauto
Champion Author Reading

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Message Posted: Jan 1, 2014 4:14:29 PM

no pipe, have rail.
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singlemom27
Champion Author Ventura

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Message Posted: Jan 1, 2014 4:14:14 PM

We need more refinery capacity closer to the crude.
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civicdutie
Champion Author Rochester

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Message Posted: Jan 1, 2014 4:13:16 PM

The ground and the rails above it are shifty things.
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WEB0153
Champion Author Maryland

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Message Posted: Jan 1, 2014 4:11:28 PM

ok
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BlueVanGroup
Champion Author Fort Collins

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Message Posted: Jan 1, 2014 4:08:47 PM


Trains are more flexible, but pipelines don't derail.
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alkarn
Champion Author Riverside

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Message Posted: Jan 1, 2014 4:06:18 PM

Old news.
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bbreff
Champion Author Atlanta

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Message Posted: Jan 1, 2014 4:06:16 PM



No matter how the oil is shipped, prices will get as low as they should or could. Part of that reason is increased taxes at the state level.
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hjlanier
All-Star Author Atlanta

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Message Posted: Jan 1, 2014 4:02:11 PM

Of course, they won't. No more than truck wrecks will stop freight hauling by trucks.
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kcboy
Champion Author Utah

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Message Posted: Jan 1, 2014 3:57:03 PM

ok
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BugMe99
All-Star Author Lexington

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Message Posted: Jan 1, 2014 3:55:43 PM

They will ship it by whatever means necessary and rail happens to be one method.
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