bitumen

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Alberta tar just can’t get no satisfaction

After months of whining about low market value for its low-grade psuedo-oil, the Alberta government announced in November that it would purchase and operate a vast fleet of 7,000 tank cars and 80 locomotives—arguing, in Canutian defiance of Economics 101, that more supply would push up demand and price. Then, only days later in a panicked and completely opposite action, Alberta imposed production quotas to reduce supply.

Why bitumen isn’t necessarily safer than Bakken

The chain reaction fireballs that attended the Feb. 16, 2015 derailment of a CSX unit oil train in populated West Virginia probably blinded observers to the significance of the concurrent derailment and explosions of a CN oil train in a remote and uninhabited area of northern Ontario. Most reports treated the two events as equals, given that both trains consisted of recently manufactured CPC-1232 tank cars loaded with crude oil.