Train Waybills Unlock Crude Oil Mysteries
We’ve been tracking the rise of crude oil moving on railroads over the past few weeks, and we’ve learned a great deal. Some things we know:
A lot more crude oil is traveling by rails now than it was a few years ago, the equivalent of one railroad tank car every 77 seconds. Several recent crude-by-rail accidents have been deadly and devastating. Crude-by-rail accidents are on the rise, but the rate of accidents isn’t necessarily increasing. Railroad companies are now required to tell local authorities when they’ll be moving Bakken oil through their communities, but are fighting this requirement.