Banks Behind HRC's Canadian Speeches Really Want Keystone Pipeline

[JonLP24]

13. Oil train regulations (as expected) were gutted by the Office of Information & Regulatory Affairs

May 1st -- the regulations were sent by the DOT in December. OIRA a Reagan administration creation an agency made up of Lobbyists & Economists (read up on what they have done to EPA regulations) where regulations & such have to go through them when logically the DOT -- the credible agency for oil train regulations -- logically they shouldn't have to go through them or approved the next day which would have been December (after several delays already). The reason I mention this is what are we are going to do about the long-term issue on Shale gas production? This strikes me as the larger issue on Keystone but either way it seems oil companies will win.

New Oil Train Rules Are Hit From All Sides

Ending months of uncertainty and delays, federal regulators on Friday unveiled new rules for transporting crude oil by trains, saying the measures would improve rail safety and reduce the risks of a catastrophic event.

But the rules quickly came under criticism from many sides. Lawmakers and safety advocates said the regulations did not go far enough in protecting the public, while industry representatives said some provisions would be costly and yield few safety benefits.

More than two years in the making, the rules followed a spate of derailments, explosions and oil spills around the country that highlighted the hazards of shipping large quantities of potentially explosive material on rails. The regulations introduce a new tank car standard for oil and ethanol with better protections, and mandate the use of electronically controlled brakes.
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Facing growing pressure from members of Congress as well as local and state officials, the Department of Transportation has taken repeated steps in the last two years to tackle the safety of oil trains and reassure the public. Last month, for example, it set lower speed limits for oil trains going through urban areas.

Under the new rules, the oldest, least safe tank cars would be replaced within three years with new cars that have thicker shells, higher safety shields and better fire protection. A later generation of tank cars, built since 2011 with more safety features, will have to be retrofitted or replaced by 2020.

http://www.nytimes.com/2015/05/02/business/energy-environment/us-sets-new-rules-for-oil-shipments-by-rail.html?module=ArrowsNav&contentCollection=Energy%20%26%20Environment%20&action=keypress&region=FixedLeft&pgtype=article

More at the link but that mention alone means they are giving oil companies several years to save up for the safer oil cans and won't have to halt transport in the meantime either but both still go boom, the older ones especially .