The crude oil tank cars that derailed in North Dakota earlier this week were carrying crude that had been treated to reduce volatility, although the tank cars themselves were older models that have been targeted for replacement. “Hess Corp. spokesman John Roper said the company’s oil complied with a state law that requires propane, butane… Keep reading →
The Obama administration late last week put out a final safety rule on moving flammable liquids by rail, a subject of concern with the growth in crude by rail. Critiques were plentiful on the high-stakes issue. From the green side, Sen. Maria Cantwell (D-Washington) blasted the new regs, done in concert with Canada, as “more of a status… Keep reading →
Transportation Department acts on safety issues regarding crude and ethanol shipped by rail. The US Department of Transportation on April 17 issued regulatory changes it believes will address “some of the issues identified in recent train accidents involving crude oil and ethanol shipped by rail”.
This regular publication by DLA Piper lawyers focuses on helping clients navigate the ever-changing business, legal and regulatory landscape.
The Dow Jones industrial average rose into positive territory for the year after a difficult stretch for the market last week.”Traders welcomed a government report showing that consumer spending and incomes rose in February. Another report hinted at strong start to the spring buying season.Energy stocks were among the biggest gainers, bucking a slide in… Keep reading →
Amid the continuing public discussion over improving the safety of crude oil delivered by rail, it’s important that everyone – the energy industry, railroads, regulators, policymakers – stay focused on the facts and the science. This is key to making meaningful improvements to freight rail transportation – which already delivers 99.998 percent of materials like… Keep reading →
The projections as to the near- and medium-term future of oil and gas prices are mixed – to say the least. Irrespective of the direction prices ultimately go, industry is faced with significant uncertainty and companies in all industry sectors are evaluating their businesses and how they can best manage the uncertainty.
This regular publication by DLA Piper lawyers focuses on helping clients navigate the ever-changing business, legal and regulatory landscape.
Ed. note: This is a weekly column by Elie Mystal, Managing Editor of Above the Law Redline. This space will focus on the laws that exist, should exist, and should be put out of their misery. OVER-REGULATED: The Pipeline That Won’t Die: How about we agree to build the Keystone pipeline, but only send beer… Keep reading →
