DOT Proposed Railway Transportation Rules

The Department of Transportation has proposed new rules to govern the transportation of crude oil via U.S. railroads. The rules are the result of the need for "safe transport of large quantities of flammable materials by rail, which has escalated as an issue with the boom in U.S. shale oil/natural gas production." Railway regulations are particularly aimed at the Bakken/Three Forks oil from the Williston Basin, which some reports claim are more flammable than other U.S. crude oils.