The US oil industry and Obama administration are preparing for a duel over strict new safety rules governing shipments of crude by rail. Platts senior editors Herman Wang and Brian Scheid present a saga of the industry's tough encounters with regulators, lawmakers and the Knights Who Say Ni.
Headlines have featured a flurry of new derailments and explosions, and the industry is on a quest to find new regulations that won't cause costs and rail congestion to increase. Cynthia Quarterman, former administrator at the US Pipelines and Hazardous Materials Safety Administration, joins to explain why the saga of crude-by-rail regulation is so difficult.
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