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Flash Point: New Oil-by-Rail Rules
American Magazine, by Kenneth P. Green

Original Article

Posted By:EagleBlurst, 8/20/2014 10:18:31 AM

On July 6, 2013, a train carrying crude oil from the Bakken formation in North Dakota exploded in the middle of Lac-Mégantic, a small town in the Canadian province of Quebec. The incident was genuinely catastrophic, killing 47 people, and destroying half the town center. The derailment and explosion was the fourth-deadliest rail accident in Canadian history. Naturally, the Lac-Mégantic disaster set off a firestorm of protest, aimed at railroads, government, and the oil boom that is revolutionizing oil markets in the United States – the tremendous gusher coming from the Bakken formation, a gas-and-oil bearing shale formation that stretches

      


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Reply 1 - Posted by: Nevadadad46, 8/20/2014 10:31:24 AM     (No. 9973406)

Once again, regulation to cut the human factors out of technology at great expense with little actual benefit. Our so-called "captains of safety" lunge toward the fully automated, robotic systems that now fly our airliners, which still drop out of the sky for previously undetected human involvement. Each accident garners more technological means of eliminating the human factor. Why?

Let me guess. No one has the ability anymore to fire incompetent, slovenly, do-nothing employees or, for that matter, potentially dangerous employees. Who needs to fight the unions, the lawyers, the government job protection regulations. Instead, just slowly remove the human being employees with technology that should "protect us".

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Reply 2 - Posted by: eoddad, 8/20/2014 10:32:17 AM     (No. 9973408)

Warren Buffet owns many railroad cars that carry crude. A pipeline would end his good deal.


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Reply 3 - Posted by: Rumblehog, 8/20/2014 11:09:45 AM     (No. 9973454)

Rail is the most dangerous means of transport of oil or chemicals.
The Soros funded tree worshippers are so intent on preventing a low-cost to operate, environmentally friendly pipeling from being built that hundreds or more will die to prevent the proper thing from being done.
There are thousands of pipelines in this country coast to coast otherwise California would have not energy. Nobody complains about what´s already there, however.

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Reply 4 - Posted by: mickturn, 8/20/2014 11:44:58 AM     (No. 9973537)

Warren Buffet, the RR Maven in Obie´s pocket had no comment...BUILD THE PIPELINE MORONS!

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Below, you will find ...

Most Recent Articles posted by "EagleBlurst"

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Most Recent Articles posted by "EagleBlurst"



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Posted By: EagleBlurst- 8/22/2014 11:24:49 AM     Post Reply
How have so many people come to love peanut butter? Experts aren’t sure how long it takes to develop the taste, but to many people it’s a formative childhood memory. One notable fan, William F. Buckley Jr., called it “absolutely congenital.” Like many other prepared foods, though, peanut butter is not a traditional homemade product that was merely industrialized in the 19th century, like jelly or bread. Instead it developed decade by decade, shaped by innovations in chemistry, marketing, distribution, and even packaging. And its popularity shows both the power and limits of intellectual property. Some design historians have credited the

Flash Point: New Oil-by-Rail Rules
American Magazine, by Kenneth P. Green    Original Article
Posted By: EagleBlurst- 8/20/2014 10:18:31 AM     Post Reply
On July 6, 2013, a train carrying crude oil from the Bakken formation in North Dakota exploded in the middle of Lac-Mégantic, a small town in the Canadian province of Quebec. The incident was genuinely catastrophic, killing 47 people, and destroying half the town center. The derailment and explosion was the fourth-deadliest rail accident in Canadian history. Naturally, the Lac-Mégantic disaster set off a firestorm of protest, aimed at railroads, government, and the oil boom that is revolutionizing oil markets in the United States – the tremendous gusher coming from the Bakken formation, a gas-and-oil bearing shale formation that stretches

   

 

R-VAR_AD
  


 
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American Magazine, by Alex J. Pollock    Original Article
Posted By: EagleBlurst- 8/18/2014 9:14:16 AM     Post Reply
How good is the human group mind at financial memory? Pretty bad. For example, consider this really striking bit of history: “The then Federal Reserve Chairman made a phone call to the Bank of Japan Governor on that critical Friday night (Saturday in Japan) in August of that year.” The chairman’s “first words were that the American banking system might not last until Monday. The crisis was that serious.” Financial history quiz: Which year was that? What was the crisis? Who was the Federal Reserve chairman making such an extreme statement? Hint: our most recent financial crisis, which started in

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Posted By: EagleBlurst- 8/15/2014 10:52:37 AM     Post Reply
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Posted By: EagleBlurst- 8/8/2014 11:43:13 AM     Post Reply
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Posted By: EagleBlurst- 8/8/2014 9:22:23 AM     Post Reply
Minor news stories with only a local direct interest nonetheless can carry large general implications, and just such a recent item emerged last weekend: Residents of Toledo, Ohio were warned not to use city water supplies due to algae growth in Lake Erie. (After a few days, the water was declared safe to drink.) For those few days, unsurprisingly, the demand and market prices for bottled water increased sharply, and few politicians can resist such opportunities for demagoguery: “Ohio Attorney General Mike DeWine is dispatching employees to the city to investigate complaints of price-gouging on bottled water.” “Price gouging” is

   

 

B-G1


 
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Posted By: EagleBlurst- 8/6/2014 10:38:15 AM     Post Reply
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Posted By: EagleBlurst- 8/4/2014 2:27:50 PM     Post Reply
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Posted By: EagleBlurst- 7/31/2014 1:32:06 PM     Post Reply
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Posted By: EagleBlurst- 7/28/2014 9:39:08 AM     Post Reply
It’s almost taken for granted that Americans are dramatically undersaving for retirement. Some headline-generating studies claim that half of Americans will fall short of what they need; others say it’s two-thirds or more. And, these studies claim, it gets even worse when we take rising health costs for retirees into account. Facing a seeming retirement crisis, progressives propose expensive expansions of Social Security, despite the program’s multi-trillion-dollar unfunded liabilities. In reality, though, the retirement crisis is overblown. And the claim that health costs mean we need to save dramatically more for retirement shows a misunderstanding of

   

 

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Posted By: Attercliffe- 8/29/2014 4:25:33 AM     Post Reply
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Posted By: Dreadnought- 8/28/2014 10:15:19 PM     Post Reply
intelligence community has observed a “significant increase” in chatter among terrorist organizations as the 13th anniversary of the Sept. 11, 2001 terrorist attacks nears. “We’ve noticed a significant increase in chatter among Islamic terrorist organizations overseas both on the Internet and phone lines,” a U.S. government official, speaking on condition of anonymity, told The Blaze. While the intelligence community can not pinpoint whether or not an attack is planned, the official said that agencies “did see this kind of increase in chatter before the September 11 attacks.”

   

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