News Round Up July 18, 2013
- More and more I’ve seen news stories discussing end users’ decision to use rail transit to move oil and natural gas products. I think I listed a story here recently of a California end user choosing rail rather than building a big, “risky” pipeline. Well here is the flip side. Train carrying oil crashes, explodes and kills 50. A horrible, horrible tragedy. (Read more here).
- Independent report finds that Exxon pipeline rupture in Arkansas was caused by "outdated welding." The line was originally built in the 1940's. (Read more here).
- Internal corrosion on a salt water line causes a burst on beautiful Catalina Island. (Read more here).
- Article discussing investment prospects for a few pipeline companies. (Read more here).