What To Expect From Recent Crude Oil Derailments
These are uncertain and stressful times for all involved in the transportation of crude oil by rail. Since 14 February, fiery derailments in West Virginia and Ontario have refocused an unwelcome spotlight on the necessity of transporting crude oil by railroad in areas without adequate access to pipelines.
The attention comes at a politically sensitive juncture as the Pipeline and Hazardous Materials Safety Administration’s and the Federal Railroad Administration’s comprehensive crude-by-rail safety rule awaits review with the White House’s Office of Management and Budget, a process that will likely produce a final rule by mid-May.
But can companies involved in crude-by-rail expect other repercussions from the two recent derailments? Without a doubt they can.