Tag Archives: Oil

Governor Markell Signs Locomotive Idling Regulation Bill

By: Wolf von Baumgart, Staff Writer

Delaware Governor, Jack Markell, has signed SB-135, a bill aimed at restricting nonessential locomotive idling into law, earlier this afternoon.

The Governor’s Press Secretary, Kelly M. Bachman, confirmred that the bill was enacted, but was not at liberty to comment further in light of Norfolk Southern’s federal challenge to the jursitiction, intent, scope and effect of the legislation.

Norfolk and Southern, a major interstate Class I railroad serving large portions of the South, Northeast and Midwest regions of the U.S., filed an acclelerated motion for declaratory judgement with the US Surface Transportation Board on August 4, 2015 contending that state and local regulations of raiload operations are explicitly precluded by the Interstate Commerce Commission Termination Act of 1995 (ICCTA).

Gustav Bearing Down (Possibly) On New Orleans, Oil Speculators Shake In Fear

UPDATE: New Orleans (and the state of Louisiana) begins preparations.  Katrina is and likely will forever remain very, very raw to the survivors. Very early guidance, as Gustav has yet to enter the Gulf of Mexico, but computer models are pointing at the Louisiana coast, with a trend towards New Orleans and nearby Mississippi.  Landfall anywhere is bad, but this current forecasted path makes my heart and stomach sink a little more. In the meantime, oil speculators have gone into fear mode.  My own guess is that if a few more runs from the NHC confirm this morning's (11AM) forecasted path, expect the speculative fear to go into full panic.  Varied reports are already predicting increases of $5-$8 per bbl if that were to happen.  I can't believe they haven't predicted that on a per-day basis. Current forecasted landfall along the Gulf coast is Sunday night into Monday.  Stay tuned, Read more