The oil industry’s lead trade group released new standards on Thursday for testing and classifying crude shipped by rail after prior shipments were misclassified, including a train that derailed in Canada and killed 47 people. As with earlier orders from the federal government, the industry standards leave it to individual companies to decide how often to test crude in order to gauge its danger. The American Petroleum Institute said the standards were crafted in cooperation with regulators and the rail industry. Shipping oil by rail has become far more common as domestic drilling booms in North Dakota, Montana, Texas, Colorado and other states. In July 2013, a crude train from North Dakota derailed and exploded in Lac-Megantic, Quebec, killing 47. The shipment […]