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Village evacuated after Quebec train derailment
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<p><span style="font-family:verdana,geneva;font-size:small;">In the thread Oil By Rail-Part 2, the following link was posted. It is about public opposition to hauling oil by rail: <a href="http://www.king5.com/news/business/185072141.html">http://www.king5.com/news/business/185072141.html</a>.</span></p> <p> </p> <p><span style="font-family:verdana,geneva;font-size:small;">Two days ago on that thread, I said the following about that article and predicted the most costly train wreck in history because of the damage it will do to the oil-hauling rail business:</span></p> <p> </p> <p><span style="color:#3366ff;font-family:verdana,geneva;font-size:medium;">“What they are arguing is that they have stopped a pipeline because it is hazardous to the planet, and they are equally justified in stopping the oil trains for the same reason. This does not look good for the sudden rail boom in oil. Eventually an oil train is going to pile up and spill a lot of oil. When it does, it will become the symbol for the greens to advance their case that oil trains should be banned or regulated out of existence.</span></p> <p><span style="color:#3366ff;font-family:verdana,geneva;font-size:medium;">It will make no difference how much actual damage the first oil train spill does. It will simply demonstrate what is possible. It will be the trigger for the kneejerk reaction in the regulatory community. As such, it will be the most costly train wreck in history due the damage it will do the oil hauling rail business.”</span></p> <p> </p> <p>-------------------------------------------------------------------------------------------------------------------- </p> <p><span style="font-family:verdana,geneva;font-size:small;">I would say that this Quebec derailment is exactly the pivotal event that I was predicting. It is amazing that it only took two days to materialize.</span></p>
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