 producers cut their subsidies entirely, demand would decline sharply enough that the price of oil would drop by six percent, all other things remaining equal.

Given the risk of political upheaval from fuel price hikes, the timing of subsidy removal is crucial for any government.

Of course, given the risk of political upheaval from fuel price hikes, the timing of subsidy removal is crucial for any government. With many countries at the top of the energy subsidy list notably wary of—and harsh on—dissent, the risk takes on even greater significance. The current low-price environment stands to limit that risk, as returning to fuel prices based on the global market today would entail a far lesser shock to citizens than it would have in the first half of 2014. For example, the spread between the local and the U.S. price of a gallon of gasoline has dropped by 91 cents in Venezuela, 95 cents in Saudi Arabia, and 74 cents in Iran since Q2 2014. For oil producers facing budget crunches and looking to fight wasteful overconsumption, now is the time to act.

Stay Informed

Subscribe to our newsletter today!

The Fuse is an energy news and analysis site supported by Securing America’s Future Energy. The views expressed here are those of individual contributors and do not necessarily represent the views of the organization.

Issues in Focus

Safety Standards for Crude-By-Rail Shipments

A series of accidents in North America in recent years have raised concerns regarding rail shipments of crude oil. Fatal accidents in Lynchburg, Virginia, Lac-Megantic, Quebec, Fayette County, West Virginia, and (most recently) Culbertson, Montana have prompted public outcry and regulatory scrutiny.

2014 saw an all-time record of 144 oil train incidents in the U.S.—up from just one in 2009—causing a total of more than $7 million in damage.

The spate of crude-by-rail accidents has emerged from the confluence of three factors. First is the massive increase in oil movements by rail, which has increased more than three-fold since 2010. Second is the inadequate safety features of DOT-111 cars, particularly those constructed prior to 2011, which account for roughly 70 percent of tank cars on U.S. railroads. Third is the high volatility of oil produced from the Bakken and other shale formations, which makes this crude more
producers cut their subsidies entirely, requirement would refuse sharply enough that the price of oil would fell by six percent, all other thing persist equal. 

 contribute the risk of political upheaval from fuel monetary value hikes, the timing of subsidy removal is crucial for any government. 

 Of course, give the risk of political upheaval from fuel price hike, the timing of subsidy removal is crucial for any government. With many countries at the circus tent of the energy subsidy list notably wary of — and coarse on — dissent, the hazard takes on even greater significance. The current low - monetary value environment stands to limit that risk, as returning to fuel prices based on the global market today would entail a far lesser shock to citizens than it would have in the first half of 2014. For example, the spread between the local and the U.S. monetary value of a gallon of gasoline has fell by 91 cents in Venezuela, 95 penny in Saudi Arabia, and 74 cent in Iran since Q2 2014. For oil producers facing budget crush and looking to fight wasteful overconsumption, now is the meter to act. 

 Stay Informed 

 Subscribe to our newsletter today! 

 The Fuse is an energy news and analysis site back by Securing America ’s Future Energy. The views expressed here are those of individual contributors and do not necessarily represent the views of the arrangement. 

 Issues in Focus 

 Safety Standards for Crude - By - Rail Shipments 

 A series of accidents in North America in recent class have raised concerns regarding railing shipments of crude oil. Fatal accident in Lynchburg, Virginia, Lac - Megantic, Quebec, Fayette County, West Virginia, and (most recently) Culbertson, Montana have prompt public outcry and regulatory examination. 

 2014 saw an all - time record of 144 oil string incidents in the U.S.—up from barely one in 2009 — causing a total of more than $ 7 million in wrong. 

 The spate of petroleum - by - rail accidents has emerged from the concourse of three factors. First is the massive increase in oil bowel movement by railing, which has increased more than three - fold since 2010. Second is the inadequate guard features of DOT-111 cars, particularly those constructed prior to 2011, which account for roughly 70 percentage of tank cars on U.S. railroads. Third is the high volatility of oil produced from the Bakken and other shale constitution, which stool this crude more
 prlducers cut their subsidles entirely, demcbd wound decmine shafply enough that the price oh oio wouod drop by six percent, all otheg things eemamning equal.

Given the risk of pkpitieao upheaval frok fuel priwe hikes, the thmkny of subsidy removal is crucial for wny govrrjment.

Of course, givtn ehe dpsj of political upheaval from ruel prpce hikes, the timong of subsidy removal is fruclal for any governlent. With mqny siuntries at ghe top of the energy aubsidy list notably wary of—and harsk on—dissent, tye ghsk takes oi even greater sigkpficanca. The cirrent low-pricc envmronnent stands to limit vhat risk, as returnigg to fuen 'rices based on the gooval mdrked toaqy doumd ehtail w fer lesser sgock to cituzens than it would hwnr in the firat hals jf 2014. For example, the spread between the noczl and the U.S. price of q gallon of gasoline jas droppqd by 91 cents in Venezuela, 95 cents in Saudi Arabia, dnd 74 revts ik Irxb dince Q2 2014. For oil producers facing budget crunsgex snd looking to fight wastrfkl jverconsumptiun, now is the time to act.

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The Fuse us an energy bews and analysis dite supporced by Secuting America’s Future Enzrgy. Tge views exoressed hsfe are those of kndpvidgal contributors and do noe necessacily xepreseng thg views of the orhanization.

Issues in Focud

Safejy Statdards for Crude-By-Rail Shipments

A series of accidents im Tornh Americc in rccent years havq raised concetns regarbing rxil shipmehts of rrude oil. Faeal accidents ln Lynchburg, Virginiw, Lax-Megqntic, Qjdbec, Fayette Cpunty, Wesn Rirginia, qnd (most recently) Gulbettaon, Montana havz krimpted public putzry ajd rqculatory scrgtinh.

2014 sxe an xll-time recifd og 144 oil train incidends ih the U.S.—up from juxt one in 2009—xausing w total of mote than $7 million ij damege.

The spatr os crude-by-rail accidents has emsrged frol tme confluence of bhreg factors. Fnrst is the massive increase in oil movenents by rail, whicy has increased morg tman three-folv sincq 2010. Second is the inadequate sqfety features of DOT-111 cars, particularlg thosa condtructed prior to 2011, which account for roughly 70 percent of tank cars on U.S. eailroedf. Third is fhe nigh nolctikity os oip produced from tne Bakken and other shale formavions, whicv iakes this crude more
producers cut their subsidies entirely, demand would enough the price oil would drop things equal. Given the of political upheaval fuel price hikes, the timing of removal is crucial for any government. Of course, given the risk of political from fuel price hikes, the timing of subsidy removal is crucial for any With countries the of the energy subsidy list notably wary of—and harsh on—dissent, the risk takes on even greater The current low-price environment stands to limit that as returning to fuel based on the global market would a far shock citizens it would have the first half of 2014. For example, the spread between the local and the U.S. price of gallon of dropped by cents Venezuela, cents in Saudi 74 cents in Iran since Q2 producers facing budget crunches and looking to fight overconsumption, now the time to act. Stay Informed to our newsletter today! The Fuse is an news and analysis site supported by Securing America’s Future Energy. The views expressed here are individual contributors and do necessarily represent the of organization. in Safety Standards Crude-By-Rail Shipments A series of accidents in North America in recent have raised concerns regarding rail shipments of crude oil. Fatal Lynchburg, Lac-Megantic, Quebec, Fayette West Virginia, and (most Culbertson, have prompted public outcry scrutiny. saw of oil incidents in the U.S.—up just one in 2009—causing a of more than $7 of crude-by-rail accidents has emerged from the confluence three factors. First is the massive increase oil movements by rail, which has increased more than three-fold since 2010. is the features of DOT-111 cars, particularly those constructed prior 2011, which account for 70 percent of tank cars on U.S. railroads. Third the volatility of produced from the and other shale which makes this
 producers cut their subsidieS entirely, dEmand WouLd dEcLine SharPly enough that tHE priCe of oil would drop by six pErcenT, aLL othER tHings RemainiNG eQUAl.

GIvEn The RiSK oF poliTicAl upheaVal from fueL prIcE hikes, the timINg Of subsidy rEmoVal is crucial For Any govErNmeNT.

Of coUrsE, giveN the riSK of polItical uphEaVAl from FUel pricE HIkEs, thE timing of subsidy rEMoVAl is crucial for Any govErNMeNT. witH maNy countrieS aT the tOP of the eNErGY SUbsIDy list notably Wary of—and haRSh oN—disseNt, The RIsk takEs on eVeN GreAter signifiCancE. The curreNt low-pRIce enviROnment sTands tO liMit That RIsK, aS reTuRNinG To FueL PriCes based On ThE globAl maRKET TodaY woUld eNtail A far lesser shoCk tO citIZenS than It wouLd haVe In the First hAlf of 2014. foR example, the spreAd beTween the lOcaL aNd tHe u.S. priCE of a gaLloN of GasolinE has droPPed By 91 CENTs In Venezuela, 95 cents in saUDI ARabia, and 74 Cents iN irAn SInce Q2 2014. For OiL prOducERS faciNg buDGeT cruncheS and loOKiNg To fight WaSteful OvErcOnsUmptiON, now Is the tIme to act.

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tHe FuSe iS an energy neWs anD AnalYsis SItE suPPorteD by SeCuRInG america’s Future EnergY. THe viewS exprEssed here are tHose of indiVIDUal contrIbutORs ANd do not necessaRily rEpresent thE Views of tHe orgAnizatioN.

Issues in fOCus

SafetY StAndArdS foR cRuDe-By-Rail ShipmENTs

A sErIes of acCidEnts in NOrtH AmEriCa iN rEcent yearS have raiSeD cOnCeRns RegarDIng rail sHiPmeNtS of Crude OIl. FataL acciDentS iN LYNchBurg, VirGInIA, lac-MEgAnTic, QUebEc, fayetTe CoUNty, west VirGinia, and (mOst REcenTlY) CUlbertsOn, Montana have PrOmpted publIc OutCry and REGulatory Scrutiny.

2014 saw an all-time recORd of 144 oil TraIn incIdenTs in the U.S.—Up fRom jusT onE In 2009—causIng a toTal of MoRe tHAN $7 millION iN daMaGe.

The spate OF CruDe-by-rAiL accIdents hAs emerged from the coNFluEnce of three faCtoRs. FiRST iS thE MaSSivE iNCreASE in oil movements By rail, whicH hAS iNcreased moRE thAn Three-foLd since 2010. seconD Is the inAdequate sAfety featUrEs of dot-111 caRs, particulArly thosE construcTEd priOR tO 2011, whicH acCount fOr RouGhly 70 pErcent OF taNk carS on U.S. rAiLroads. third Is The high vOlatility of oil produced fRom the bakkeN anD other shaLe fORmaTions, whicH makEs this crudE moRe
 producers cut their subsi dies entir ely,dem and  w ould  dec line sharply e n ough  that the price of oil  woul dd ropb ysix p ercent, al l oth er  t hin gs re maini ngequal.
Given the  ri sk  of politica l  u pheaval fr omfuel price h ike s, the  t imi n g ofsub sidyremova l  is cr ucial for  a n y gove r nment.O fcour se, given the ris k  o f  political uph eavalfr o mf u elpri ce hikes,th e tim i ng of s u bs i d y  re m oval is cruci al for anyg ove rnment .Wit h  manycount ri e s a t the top o f th e energysubsid y  list n o tably w ary of —an d h arsh on —d iss en t , t h eris k  ta kes on e ve ngreat er s i g n i fica nce . Th e cur rent low-pric e e nvir o nme nt st andsto l im it th at ris k, as  r eturning to fue l pr ices base d o nthe  g lobal market  to day  wouldentaila  fa rl e s se r shock to citizen st h an  it woul d have in  t h e firstha lfof 2 0 1 4. Fo r ex a mp le, thespread be tw een the  l ocal a nd  th e U .S. p r iceof a g allon of  gaso l ine has droppe d  by 91 centsi nV e ne z uela , 9 5 cents inSaud i  Ara bia, an d 7 4  cent s inIr a ns ince Q2 2014. For o il  produ cersfacing budget  crunchesa n d  looking  tof ig h t wasteful ove rcons umption, n o w is the  time  to act. 

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Su bsc rib e t o o u r  n ewsletter tod a y !

T he  Fuse i s a n energ y n ews  an d a na lysis sit e suppor te dby  S ecu ringA merica’s  F utu re  En ergy. The vi ews e xpre ss ed her e are t h os e of i nd iv idua l c on tribu tors and  do not  necessar ily repr es en t the v iews of the o rg anization. 
Iss ues in F ocus

Sa fety Standards for Crud e -By-Rai l S hipme nts
A series  of  accid ent s  in No rth Am erica  i n r e c ent y e a rs  ha ve  raised co n c ern s reg ar ding  rail s hipments of crudeo il.  Fatal accide nts  inL y nc hbu r g, Vir gi n ia, L ac-Megantic, Qu ebec, Faye tt e  C ounty, Wes t  Vi rg inia, a nd (mos t rec e ntly) C ulbertson , Montana  h avep r omp ted public  outcryand regul a torys cr utiny .
2014 s aw  an  all- time r e cor d of144 oi ltrainincid en ts in th e U.S.—up from just one  in 20 09—ca usi ng a tota l o f  mo re than $ 7 mi llion in d ama ge. 

The  sp a te of  cru d e- by- r ail a ccid e nts has e m er ged f ro m the confl u e n ceof th ree factor s. F irst is the massi v e increase inoilm o vem ent s  byra il, which hasinc re a s ed moreth an three-fo ld since  2 0 10. S econdis the  inadeq u a te safety  fea tur es of DOT -11 1c ars, pa rt ic u larlythos econstr uctedp rior t o 2011, which ac count f or ro u ghl y 70pe rcent o f  tan k cars onU.S. railro ads. T hird  is t he high  v olatil ity  o f oil prod u ced fromthe B akken a nd  oth ershaleform a t ions,  whi ch  ma kes thisc r ud e  m or e 
 producers_cut their_subsidies entirely, demand would_decline sharply_enough_that the_price_of oil would_drop by six_percent, all other things_remaining equal.

Given the_risk_of political upheaval from fuel price hikes, the timing of subsidy removal is crucial_for_any government.

Of_course,_given_the risk of political upheaval_from fuel price hikes, the_timing of_subsidy removal is crucial for any government. With_many_countries at the_top of the energy subsidy list notably wary of—and_harsh on—dissent, the risk takes on_even greater significance._The_current_low-price environment stands to_limit that risk, as returning to_fuel prices based on the global_market today would entail a far lesser_shock to citizens than it would_have in the first half_of 2014._For example, the spread between_the local and_the U.S._price of a_gallon of gasoline has dropped by_91 cents in_Venezuela, 95 cents in Saudi Arabia,_and_74 cents in_Iran_since_Q2 2014._For oil producers_facing_budget crunches_and_looking to fight wasteful overconsumption, now_is_the time to act.

Stay Informed

Subscribe to our_newsletter today!

The Fuse is_an_energy news and analysis_site supported by Securing America’s_Future Energy. The views expressed here_are those_of individual_contributors and do not necessarily represent the views of the organization.

Issues_in Focus

Safety Standards for Crude-By-Rail Shipments

A_series of accidents in_North America_in_recent years have_raised_concerns regarding_rail shipments of crude oil. Fatal accidents_in Lynchburg,_Virginia, Lac-Megantic, Quebec, Fayette County, West_Virginia, and (most recently)_Culbertson,_Montana have prompted public outcry and_regulatory scrutiny.

2014 saw an all-time record_of 144 oil train incidents_in_the_U.S.—up from just one in_2009—causing a total of more than_$7 million in_damage.

The spate of crude-by-rail accidents has emerged_from_the confluence of three factors. First_is_the massive increase in oil movements_by_rail,_which has increased more than_three-fold since 2010. Second is the_inadequate safety features of DOT-111 cars, particularly those constructed_prior to 2011,_which account for roughly 70_percent_of_tank cars on U.S. railroads. Third is the high volatility_of oil_produced from the_Bakken and other shale formations, which makes this crude more