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Bakken oil isn't stabilized to make it less volatile, raising risks

  • Energy companies invested hundreds of millions of dollars when they started extracting oil from shale formations in south Texas a few years ago to make the volatile crude was safer to handle, but the failure to do so at the Bakken shale is coming back to haunt the oil industry as the U.S. government seeks to prevent fiery accidents of trains containing North Dakota oil.
  • Only one stabilizer, which can remove the most volatile gases before transport, has been built in North Dakota and it hasn't begun operation, according to a WSJ review; if the government mandates the use of stabilizers, companies would have to make big investments in equipment which could slow Bakken's development.
  • Oil producers are fighting the perception that the biggest risks come from Bakken crude, almost all of which is moved by rail, but safety officials and lawmakers say the dangers extend far beyond North Dakota.
  • Top Bakken producers include CLR, EOG, KOG, WLL, HES, XOM, OAS, NOG, EOX, MRO.
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Comments (13)
  • 22403701
    , contributor
    Comments (18) | Send Message
     
    it was the goverment who 'wanted' oil shipped by rail ...
    7 Jul 2014, 07:44 PM Reply Like
  • Cincinnatus
    , contributor
    Comments (4258) | Send Message
     
    Don't forget that Obama's buddy Warren Buffett wants oil shipped by rail.
    8 Jul 2014, 12:54 PM Reply Like
  • kencccc
    , contributor
    Comments (68) | Send Message
     
    has always been a zit who blackmails hurting companies into horrible deals (usually forced by the government) and then chortles about his smart investments. Those who buy his stock arm this thief.
    14 Jul 2014, 02:57 PM Reply Like
  • SoldHigh
    , contributor
    Comments (1013) | Send Message
     
    Pipelines are good at "preventing fiery accidents of trains"
    7 Jul 2014, 07:51 PM Reply Like
  • nautor42
    , contributor
    Comments (194) | Send Message
     
    And Obama is against pipelines. Go figure.
    7 Jul 2014, 07:59 PM Reply Like
  • ebeuu
    , contributor
    Comments (378) | Send Message
     
    Obama is against fossil fuels to begin; he travels by Boeing and limousine.
    He doesn't pump his own either.
    All bow down to the man in the bubble.
    7 Jul 2014, 08:06 PM Reply Like
  • petergrt
    , contributor
    Comments (472) | Send Message
     
    America is regaining energy independence - in-spite of 0bma's best efforts, but he is not finished yet . . . .!!!
    7 Jul 2014, 08:36 PM Reply Like
  • lldarthpaul
    , contributor
    Comments (12) | Send Message
     
    Considering the man in the White House, what else did you expect. He is dead set on reducing the power and influence of the U.S. in the world. His lack of interest in the middle east is confirmation of his willingness the reduce our power and to bow down to the muslim extremists, while at the same time making us more dependent on their exports.
    7 Jul 2014, 09:09 PM Reply Like
  • UCONN Husky
    , contributor
    Comments (13) | Send Message
     
    Bought Grenbrier (GBX) in March resulting in a 36% gain. They mfg rail cars for the oil industry to meet higher safety requirements. Canada has already approved stricter safeguards with the EPA/govt reviewing US standards. The stock should go higher with this announcement hopefully soon.
    7 Jul 2014, 09:41 PM Reply Like
  • Joe Lunchbox
    , contributor
    Comments (569) | Send Message
     
    I have TRN and ARII, too. If there's new standards, there's around 78,000 tank cars that will have to be replaced or retrofitted. That's a lot of work for three companies. Plus GBX just added dividends. Life is good.
    8 Jul 2014, 12:03 AM Reply Like
  • UCONN Husky
    , contributor
    Comments (13) | Send Message
     
    Bought Greenbrier (GBX) in March resulting in a 36% gain. They mfg rail cars for the oil industry to meet higher safety requirements. Canada has already approved stricter safeguards with the EPA/govt reviewing US standards. The stock should go higher with this announcement hopefully soon.
    7 Jul 2014, 10:34 PM Reply Like
  • UCONN Husky
    , contributor
    Comments (13) | Send Message
     
    Bought Greenbrier ($GBX) in March resulting in a 36% gain. They mfg rail cars for the oil industry to meet higher safety requirements. Canada has already approved stricter safeguards with the EPA/govt reviewing US standards. The stock should go higher with this announcement hopefully soon.
    8 Jul 2014, 12:08 AM Reply Like
  • AlphaBeta6
    , contributor
    Comments (4) | Send Message
     
    Imagine that! Mr. "O" won't sign the Keystone Pipeline Bill, then the EPA wonders how they can make oil transportation safer!
    8 Jul 2014, 08:37 AM Reply Like
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