August 13, 2013: I still don't want to talk about it, but for sake of archives, here's update on the runaway freight train story. Bloomberg's is reporting:
Crude oil shipped by railroad from North Dakota is drawing fresh scrutiny from regulators concerned that the cargo is adding environmental and safety hazards, something that analysts say could raise costs.
The U.S. Federal Railroad Administration is investigating whether chemicals used in hydraulic fracturing are corroding rail tank cars and increasing risks. Separately, three pipeline companies including Enbridge Inc. warned regulators that North Dakota oil with too much hydrogen sulfide, which is toxic and flammable, was reaching terminals and putting workers at risk.
Until last month, safety advocates’ chief worry was spills in derailments. After tanker cars blew up July 6 on a train in Quebec, investigators in Canada are considering whether the composition of the crude, which normally doesn’t explode, may have played a role in the accident that killed 47 people. The oil was from North Dakota’s Bakken shale.
Original Post
But for now, I don't want to talk about it.
Back on July 9, 2013, Reuters reported this story:
Shares of Dakota Plains Holdings (DAKP.OB), which has a joint venture with World Fuel and owns rail-loading facilities in North Dakota's Bakken shale field, where railcars involved in the Quebec disaster were filled, fell 24 percent to $1.90 on Tuesday.
Dakota Plains did not respond to a request for comment.
World Fuel's annual revenue has more than doubled since 2008, the start of the North American shale boom.
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