Crude-by-Rail
If Keystone Bill Becomes Law, Would it be Built?
It's not a foregone conclusion that President Obama would veto a bill expected in the Senate next week to allow the construction of the Keystone XL pipeline. But if it were to pass and Obama signs it, would it be built? CNBC investigates.
Freight Rail Conundrum: Speed vs. Safety
Safety would win hands down for passenger rail, but for-profit railroads have a bottom line to consider. Regulators have proposed reduced train speeds, opposed by railroads, to prevent fiery derailments that have resulted from shipping shale oil.
California Refineries Prepare to Receive Cheaper Crude-by-Rail
The surge in oil production has not benefited California, but that's about to change. Shale oil from North Dakota and other states costs $15 less than imported oil. After transportation costs, California refineries would save $3 per barrel.
Oil and Rail Industries Agree to Phase Out Oldest Rail Oil Tank Cars
A deal may be near between energy and rail industries and the Department of Transportation to phase out the DOT-111 tank car—the same kind implicated in the horrific explosions of oil trains, particularly those carry Bakken crude from North Dakota.
Proposed Pipeline Poses Dilemma for Keystone Pipeline-Supporting Governor
Iowa Governor Terry Branstad supports the Keystone XL Pipeline, as do most Republican leaders. Then again, it doesn't go through his state. Not so for the newly proposed Bakken Pipeline that cuts across the heart of Iowa. No word on his position yet.
Lac-Mégantic One Year Later
July 6, 2014 marks the one-year anniversary of North America's most catastrophic energy calamity when a runaway oil unit train carrying Bakken crude exploded in this small Quebec town killing 47 people and incinerating ten blocks of its downtown.
Transparency about Hazardous Oil Shipments Possible After All
After the Federal Railroad Administration issued an emergency order on May 7 that Bakken information about oil shipments be shared with appropriate state agencies, question arose about whether that information could be shared with the public.
Oil Shale (not Shale Oil) and Oil Sands Projects Underway in Utah
A major challenge facing oil companies in the Uinta Basin is how to transport the crude to market. Alignments have been winnowed and the mode appears to be selected - rail. Total cost: $2 billion to extract $30 billion worth of oil and gas reserves.
California Takes Legislative Steps to Address Growing Crude-by-Rail Shipments
While regulated on the federal level, there is still much that can be done on a state level, including adding per-barrel fees to pay for cleanup plans. Plus, a new regulation took effect requiring railroads to notify states about Bakken crude trains.
After Five-Year Wait, Keystone XL Builder Exploring Rail Options
Keystone XL pipeline builder TransCanada is in the business of transporting oil to its customers, preferably by pipelines, but it's CEO has stated for the first time it will turn to "more costly and and controversial rail" to fill the pipeline gap.
First Responders Not Prepared for Oil Train Explosions Despite Emergency Order
Notwithstanding an emergency order DOT issued on May 7 that railroads must provide cities oil train information, secrecy continues to cloak the transport of hazardous oil shipments leaving first responders ill-prepared to handle fiery explosions.
DOT's Emergency Actions on Shipping Bakken Crude by Rail Fall Short
In what is being billed as the first emergency order of more to come, the Department of Transportation (DOT), the federal regulator of transporting crude oil by rail, hopes to quell the growing national furor over what some call 'ticking time bombs'.
Oil Train Derailment, Fire, and Spill Shed Light on Lack of Preparation
The derailment of the CSX oil unit train in downtown Lynchburg, Va. on April 30 and subsequent fire and oil spill into the James River caught Lynchburg, Va. officials off-guard, who were unaware of the oil shipments, let alone how to handle crashes.
Oil Tanker Cars Derail; Fireball Erupts in Downtown Lynchburg, Va.
Fortunately, there were no injuries in the restored, downtown waterfront district in this city of 71,000. Fifteen cars derailed; three exploded into a six-story-high fireball. Oil spilled into the James River, threatening downstream water supplies.
Canada Acts while U.S. Lags on Rail Oil Tank Car Safety
Transport Canada jumped past U.S. DOT on April 23 by taking decisive action on "exploding" oil tank cars that are traveling throughout North America due largely to an insufficient oil pipeline network. Within three years, the older cars must go.
Keystone Plan B: Ship Oil Sands to California by Rail
A California legislator warns that if the Keystone XL pipeline is rejected, expect tar sands to be transported by rail to Calif. refineries and ports. Increasing oil production would reduce oil imports, but a fracking moratorium bill has advanced.
The Economics Behind Crude by Rail
Sure, it costs more than moving by pipeline—double or triple the price per barrel. But look at the speed: five days versus 40. A new rail terminal in Beaumont, Texas sheds light on the economics that make CBR attractive to shippers and refineries.
Crude-by-Rail Volume to California Spiked Almost 800% Last Year
All but 10% of the CBR went to Southern California refineries, though Bay Area shipments grew by 57% and provoked the largest outcry. The Northern California deliveries are mostly from North Dakota, with 12.5% from Colorado.
Albany Not so Warm to Crude-By-Rail After All
The Port of Albany is thriving as a major hub for CBR shipments from the Bakken field in North Dakota and Saskatchewan province. But we learn there are limits to further growth after the city slapped a moratorium on expansion to oil sands from Canada
Oil Trains from North Dakota to the Rescue in Philadelphia
The hazards of shipping North Dakotan crude-by-rail have been well documented and are the focus of new DOT regulations due to its volatility, but there's a more positive side to this oil and the trains that deliver it, illustrated in Philadelphia.
Pagination
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