The crude oil train derailment in Lac-Megantic , Quebec on 6 July resulted in a tragic loss of life. This accident could raise a series of questions on petroleum transportation safety and reliability by various modes. Although it is too early to predict any outcomes, a key issue will be whether Canadian regulators treat this investigation as part of the existing transportation operating environment or if the incident is seen as unchartered territory for rail shipments, requiring a more...
Table of contents
Does this incident impact the timing of pipeline approvals in Canada?
Can other modes of transportation fill the gaps created by curtailment of rail?
How might rail curtailment impact North America crude prices?
Tables and charts
This report includes 2 images and tables including:
Chart 1: US crude by rail movements
Chart 2: Brent - WTI differential forecast prior to derailment (Macro Oils 28 June 2013 Monthly Update)