John Hofmeister: What changes are needed for transporting crude throughout North America?
It’s not like this is a new topic, considering that transportation of crude has been taking place for more than a century. The first priority for transporting crude throughout North America should be safety; the second is efficiency, or cost. Safety and efficiency must be predicated on known risk, meaning that experience and technical capability help determine the possibilities and they can help rank order factual, not hypothetical, conclusions.
Fact-based analysis says that transportation by tanker or barge from port to port is both safe and efficient. Large quantities of transported crude oil provide efficient use of rugged vessels that transport without issues for years. Moving oil from where it is produced to ports for transport is clearly safest and efficient when it is transported by pipelines designed fit for purpose for the task at hand. Pipelines are undeniably the lowest risk and most efficient means of transport onshore for point to point movement. They require both regulation and ongoing inspection and maintenance and should be replaced based on predetermined age and risk factors.
Read more at: Wall Street Journal