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Quantum Energy Efforts Featured in EnergyWire
Quantum Energy Efforts Featured in EnergyWire.
About this update from Quantum Energy, Inc.
[{"type":"text","content":"\n \n \n Quantum Energy Efforts Featured in EnergyWire\n \n \nQuantum Energy Efforts Featured in EnergyWire\n\nRegulators Urged to Consider Crude Stabilization in Federal Rule Making Process\n\n \n TEMPE, AZ--(Marketwired - Jun 13, 2014) - Quantum Energy, Inc. (PINKSHEETS: QEGY), is pleased to reprint with full permission the following article from EnergyWire describing Quantum's efforts in Washington, D.C. urging that crude stabilization be considered in the Bakken rail transportation rule making process:\n http://www.eenews.net/energywire/2014/06/10/stories/1060001007\n Oil groups line up at White House over tank car standards \n Blake Sobczak\n E&E News\n Tuesday, June 10, 2014 \n Quantum Energy Inc. claims to have no position on proposed oil tank car standards -- yet the oil field developer stopped by a White House office last week to discuss them anyway.\n Russell Smith, Quantum's executive vice president of public affairs, said he met with the small but influential Office of Information and Regulatory Affairs to make sure regulators knew about the company's plans for \"stabilizing\" hot-to-handle crude from North Dakota's Bakken Shale play.\n Bakken crude has earned a volatile reputation after a string of oil train derailments and fires. A 72-car oil train jumped the tracks and exploded in downtown Lac-Mégantic, Quebec, last July, killing 47 people and prompting regulators to warn that Bakken crude may be less stable than other types.\n The deadly crash also set the stage for the \"comprehensive\" oil-by-rail rulemaking package now weaving its way through OIRA, part of the Office of Management and Budget. White House records show several oil companies, refiners and industry groups have met with administration officials and transportation regulators to shape new standards for the type of DOT-111 tank car long faulted for its puncture-prone design.\n \"We're not really taking a position on the tank car rule,\" said Smith, who attended June 2's meeting with lobbyists from FTI Consulting, OIRA representatives and Department of Transportation regulators. \"All we're saying is, in making the rule, please consider what's going in the car in addition to the car itself.\"\n Smith's company hopes to set up \"21st-century energy centers\" in North Dakota's Williston Basin capable of stripping the most volatile natural gas li...