The energy boom of the last decade that has boosted oil and gas production in the United States has outpaced the development of critical infrastructure to transport the raw and refined materials, U.S. Energy Secretary Ernest Moniz said on Thursday.
Reflecting on a spate of accidents involving freight trains pulling tank cars full of volatile crude oil in Canada and the United States, Moniz said that infrastructure development was key, even beyond a reconsideration of rail regulations now under way by U.S. authorities.
“The core approach, really, is that our infrastructure needs to build out,” Moniz said in an interview with Reuters Insider.
“Here we have a case, especially with the production in North Dakota, where the Bakken shale (output) zoomed from essentially nothing to past 1 million barrels a day,” he said.
http://hotair.com/archives/2014/01/31/moniz-just-to-be-clear-our-energy-boom-is-struggling-with-a-serious-transport-problem/
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