Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
"The rail building flurry has already begun and hopes to be at a 1-million-barrel capacity this year."

The statistical chance of a serious accident with a train load of rail cars full of oil is a magnitude higher than from a pipeline. More trains hauling oil just increases those odds. Rail is also far more expensive than pipelines and should probably be used only as a stopgap until the pipelines can be built.

I posted a link on the subject recently, I'll see if I can find it.



Tim


Not the one I was looking for this will do.


http://fuelfix.com/blog/2013/01/14/oil-industry-beats-buffet...

Oil industry beats Buffett in railroad investments surge

Posted on January 14, 2013 at 6:59 am by Bloomberg in Oil

North American energy companies are starting to invest more in railroad terminals than the railroads themselves.

A group of oil and gas pipeline operators led by Plains All American Pipeline LP (PAA) announced plans just in the past three months to spend about $1 billion on rail depot projects to help move more crude from inland fields to refineries on the coasts. Warren Buffett’s Burlington Northern Santa Fe LLC, the largest U.S. railroad, spent $400 million on terminals in 2012.

...

Spills are a bigger risk with trains than pipes, according to the Manhattan Institute, a New York-based policy research organization. A U.S. railway is about 34 times more likely to spill hazardous materials, including oil, than a pipeline transporting the same volume an identical distance, according to the Institute’s June analysis of data from the U.S. Transportation Department and the Pipeline and Hazardous Materials Safety Administration.

Railroads have an accident rate just two to three times higher than pipelines, Patti Reilly, a spokeswoman for the American Association of Railroads trade group, said in an interview. Railroad spills tend to involve smaller amounts in each incident, since trains carry far smaller amounts of oil than pipelines, she said.


From your own link:

The U.S. State Department found that, when moving liquids, trains have a death rate three times higher than pipelines and a fire or explosion rate nine times higher. The U.S. Pipeline and Hazardous Materials Safety Administration says that over all, pipelines beat other modes of transportation on all facets of their safety record.
Print the post  

Announcements

The Great Foolish North
Canadian social and off-topic banter.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement