Teaser clip: Bruce Campbell, Author – Lac Mégantic Disaster

Irving getting its well from I don't I think most of it if it's coming by rail it's coming through the US and there's probably a lot coming by ship the big the big oil boom now is in the Permian Basin and at West Texas it's enormous it's fracked oil again it's just in the Permian Basin now it's increased to the point where they they're producing in that one area as much oil as they're producing in all of Canada and it's increased exponentially to get to that point and the u.s. is now the largest largest producer of oil in the world it's surpassed Saudi Arabia and so I think I think that that's one to really kind of understand where the oil is coming from what the volumes are I know that that that Irving has the capacity to process a little bit of diluted bitumen but mainly it's it's you know either standard crude or frack crude because that's light crude and they can you know they can it's easy easily refine able so you know what's going where it's going through and and what are the risks who's what who's watching the Watchers and who's on you know who's checking out the the tracks who's how many inspectors are inspecting the railway from Transport Canada does the unti I know in the u.s. they have a lot of state inspectors that are doing additional inspection of the rail safety I don't know if it's possible in in New Brunswick I don't I don't even know if other provinces are doing that they just pretty much leave it to the federal government that all of those and I think you know as I said regulatory capture is an essential theme where you have this powerful industry that and and a weak on under-resourced and dysfunctional regulator that is that is compliant with with the whims of the industry and doesn't have any independent capacity to evaluate and doesn't have the tension and there should always be the tension because the role of the regulator is first and foremost to protect the safety of the public and that's not the role of the companies first and foremost its its shareholders it's the owners its profits and so they they they should never be seen as as as one but rather as rather retention and you know both of them at a certain level have you know that that obligation and goal to make sure the rails safe but when you're when you have the capacity as an industry to support subordinate safety to profits then you you're in danger and that danger still exists in my view

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