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BNSF ordered to pay $395M after years of trespassing on Swinomish land

25 pointsby jvolkman11 months ago

3 comments

Supermancho11 months ago
Roughly, a typical tank car used for crude oil transportation can hold between 20,000 to 70,000 barrels of oil, with some cars capable of carrying up to 100,000 barrels.<p>Roughly, a unit train carrying 50 barrel cars of crude and assuming a value of $80 per barrel, transportation charge is roughly 12.50 (although it varies). The total gross return, being transported each freight would be:<p>50 cars x 75,000 barrels x $12 per barrel x 6 day = 270 mil $<p>So the fine is the cost of doing business, for 40 billion dollar rail. Day after day, year after year for over a decade. Granted, this is part of what keeps gas prices down. North Dakota&#x27;s shale, tracked into the west coast.<p>Good for the tribe, but I really wish the fine was higher as a real deterrent.
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mtnGoat11 months ago
The only way to that Sinclair refinery is to cross tribal land. This will probably shift those loads to the Phillips and BP refineries up in Ferndale.<p>Imagine a 3200 foot stretch of rail way costing you $400 million because you just couldn’t be bothered to live up to your end of a basic agreement.
fred_is_fred11 months ago
Prediction: The tribe will not see a dime and the Supreme Court is going to reverse this 6-3. Exxon waited 30 years to avoid their fine, BNSF can do it in 2.
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