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Safety of North Dakota oil could affect rail costs, analysts say

(Source: Bloomberg, January 15, 2014)

NEW YORK -- 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.

Full story: Montreal Gazette

Wednesday, January 15, 2014

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