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OPEC revises U.S. shale durability upward

OPEC revises U.S. shale durability upward

December 28, 2015 | UPI | VIENNA, Dec. 23 (UPI) — Oil production from inland shale basins in the United States is expected to be more robust than previously thought, OPEC said in its global outlook. The Organization of Petroleum Exporting Countries released its much-watched World Oil Outlook report for 2015, outlining its expectations for […]

By December 28, 2015 0 Comments Read More →
Feds investigate train derailment in Brevard

Feds investigate train derailment in Brevard

December 21, 2015 | Click Orlando| VIERA, Fla. – Authorities, including federal transportation investigators, were working to determine what caused a freight train hauling non-hazardous cargo to derail Sunday morning, sending a locomotive engine and four rail cars off the tracks. Neither the train conductor nor the engineer, who were aboard the 57-car train at […]

By December 21, 2015 0 Comments Read More →
Cleanup following 1982 train derailment in Livingston near an end

Cleanup following 1982 train derailment in Livingston near an end

December 16, 2015 | The Advocate |LIVINGSTON — The wreckage splintered the pines like matchsticks and sowed the field with flames. But even after the last fire had been snuffed out, a more insidious threat had leached into the earth beneath Livingston. At 5:12 a.m. Sept. 28, 1982, an Illinois Central Gulf freight train staffed […]

By December 17, 2015 0 Comments Read More →
SEC investigating unusual 2012 stock trading at oil train company

SEC investigating unusual 2012 stock trading at oil train company

December 16, 2015 | Star Tribune | Federal authorities have been investigating a price spike in the stock in a Minnesota-based oil train loading company after it went public in 2012, resulting in an windfall for investors who held promissory notes with an unusual payout feature. [Read the entire article here.]  

By December 17, 2015 0 Comments Read More →

The Irony of Ending the U.S. Oil Export Ban Is Imports May Rise

December 17, 2015 | Bloomberg News| The lifting of the U.S. ban on oil exports might actually make imports more appealing. By allowing American oil to compete globally, the price for U.S. benchmark West Texas Intermediate crude is inching closer to the international marker Brent, which has traded at a premium for most of the […]

By December 17, 2015 0 Comments Read More →
What Just Happened in Solar Is a Bigger Deal Than Oil Exports

What Just Happened in Solar Is a Bigger Deal Than Oil Exports

December 17, 2015 | Bloomberg News| The clean-energy boom is about to be transformed. In a surprise move, U.S. lawmakers agreed to extend tax credits for solar and wind for another five years. This will give an unprecedented boost to the industry and change the course of deployment in the U.S. The extension will add an extra 20 gigawatts of […]

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U.S. on verge of lifting oil export ban

December 16, 2015 | Bakken Breakout | WASHINGTON – A provision to lift the U.S. ban on oil exports is included in a government spending bill, giving North Dakota’s congressional delegation hope the 40-year-old ban could be lifted later this year. “We are two votes and a signature away from getting this done,” Sen. Heidi […]

By December 17, 2015 0 Comments Read More →
Tesoro’s New Oil Train Cars: Too Few and Still Too Dangerous

Tesoro’s New Oil Train Cars: Too Few and Still Too Dangerous

December 15, 2015 | Sightline Institute| One of the biggest players in oil by rail is trying to build more capacity in Washington State. Tesoro, an oil company with a checkered past, already receives loaded crude oil trains at its Anacortes refinery. Now the firm aims to build North America’s largest oil train unloading facility […]

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Firefighters battling large fire near Highway 30 in industrial NW Portland

Firefighters battling large fire near Highway 30 in industrial NW Portland

December 13, 2015 | Oregon Live | Firefighters work at the scene after a semitrailer truck crashed into railroad cars causing a fire near the St. Johns Bridge in Portland, Ore., Sunday, Dec. 13, 2015. A semitrailer truck crashed on a roadway near a Portland railroad yard, sparking a railcar fire that sent up plumes […]

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Lowballed risks, errors discovered in Vancouver oil train terminal analysis

Lowballed risks, errors discovered in Vancouver oil train terminal analysis

December 11, 2015 | Oregon Live | Consultants evaluating a proposed Vancouver oil train terminal for a Washington state regulator vastly understate the worst-case scenario for a catastrophic oil spill, data from the United States and Canada show. Three of the four authors hired to write the analysis are former executives of BNSF Railway Co., […]

By December 13, 2015 0 Comments Read More →