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Sat., April 19, 2014

Pay oil transport premium

I completely agree with your April 13 editorial on oil train regulation. There is one item that you did not mention. On March 3, the Wall Street Journal had an article about rail transport of oil. It said that oil companies are paying a premium to transport their oil by rail because it gives them the flexibility of selling the oil wherever the highest price is being offered. Evidently, there are several pipeline projects on hold because of lack of interest by the oil companies.

It seems to me that if the oil companies are willing to pay a premium for this flexibility, the premium should include the cost of protecting the public and mitigation of traffic problems caused by additional oil trains.

Jerry McBride

Loon Lake, Wash.

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