Does Keystone XL permitting decision spell the end of oil trains? Not quite

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nj environment news, railroad tracks

CURTIS TATE / NORTHJERSEY.COM – Will Nebraska’s decision to approve a permit for the controversial Keystone XL pipeline signal the end of movements of large volumes of crude oil by rail?

Probably not.

Rail shipments of crude oil persist, experts say, in spite of the higher cost over pipelines and the increased regulatory scrutiny railroads have faced after a series of high-profile derailments.

Ryan Kellogg and Thomas Covert, professors at the University of Chicago, wrote in a September research paper that the option to ship by rail actually decreases the incentive to build pipelines, or to build bigger pipelines than they would otherwise …

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