New York AG wants oil companies to treat oil shipped on trains

Dec. 02, 2015 10:57 AM ETXLE, IYE, OIH, VDE, PXE, PXJ, IEO, XOP, BGR, FIF, RYE, DUG, DIG, FXN, DDG, ERY, ERX, NDP, FENYBy: Carl Surran, SA News Editor5 Comments

New York Attorney General Schneiderman is calling on U.S. regulators to impose new safety rules requiring energy companies to treat crude oil using a process that removes volatile gases before the fuel can be loaded onto trains.
The gases have been linked to fiery explosions after railroad accidents, including the deadly 2013 crash in Quebec.
Yesterday, Schneiderman petitioned the U.S. Pipeline and Hazardous Materials Safety Administration to set a cap on the vapor pressure of crude transported by train.
Energy companies say vapor pressure is not the best predictor of whether a train’s cargo is likely to explode, and that regulators should focus on keeping trains from running off the rails.
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