Buckeye expects more US crude-by-rail regulation

摘要

New York—Buckeye Partners expects more US regulation ahead for transporting crude by rail after a spate of accidents involving crude-carrying trains, CEO Clark Smith said Friday. uckeye expects to see the economics around crude-by-rail a “little volatile” but believes that “rail is a very viable option at our facilities,” Smith said during the partnership’s fourth quarter 2013 earnings call. Buckeye has a large crude-by-rail operations in Albany, New York, and is putting the finishing touches on the expansion of its rail operations in Perth Amboy, New Jersey.