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From UD: Rail mishaps of oil shipments can temporarily reduce value of nearby property

Delaware Business Now Reading Time: 1 minute University of Delaware researchers have examined the links between property values and rail accidents that lead to the release of hazardous materials. A decade ago, U.S. crude oil was not transported by rail in the United States not one drop. After an unprecedented expansion of domestic energy production, the use of trains became more common in Delaware and elsewhere. When these hazardous petrochemical materials pass through urban areas with dense populations, the public has good reason to be concerned. But, whether it’s by train, boat or pipeline, transportation only becomes a mainstream topic when there’s an accident, which can cause human health risks, property damage, evacuation and environmental degradation.

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