New bill introduced in U.S. House of Representatives would address vapor pressure standards for crude shipped by rail

(Source: Times Herald Online, January 9, 2020)

WASHINGTON, D.C. — Rep. John Garamendi, D-Solano, introduced legislation Wednesday to ensure safer standards for the transport of crude oil and other hazardous materials by train. House Resolution 5553, also known as the “Crude By Rail Volatility Standards Act,” aims to establish a safety standard for the maximum volatility for crude oils and similar materials transported by rail. It also requires that all crude by rail in America adhere to the New York Mercantile Exchange’s maximum Reid vapor pressure for crude-oil futures contracts of 9.5 pounds per square inch, Garamendi’s office wrote in a news release.

Full story: Times Herald Online

Friday, January 10, 2020