Russell Gold has an interesting piece about Bakken crude, specifically, its highly volatile nature. This volatility makes it particularly dangerous to transport, especially by rail: due to its volatility, it is prone to explode in the event of a derailment or collision.
Further illustration, as if any were needed, that oil is not all alike. Crude is a mixture of various hydrocarbons (and impurities), and different crudes are different mixtures. Some are very light-almost like gasoline. Some are very heavy-almost like asphalt. Different crudes present different challenges to refine-and different dangers to produce, transport, store, and refine.
My prediction is that this will result in some technical innovation that will make crude more amenable to transportation. Maybe some sort of processing at the rail terminals.
This also brings to mind (mine, anyways) a historical episode. In mid-1944, the Imperial Japanese Navy was tethered to bases in Indonesia, due to the ravaging of its tanker fleet by American submarines: fuel was available in Indonesia.
And a very special kind of fuel. Crude produced on Tarakan Island was sufficiently light that it could be burned in ship boilers without refining. One problem was that the crude was also sour (i.e., had a high sulphur content) and this corroded boiler tubes.
But the bigger problem was that it was very volatile, due to the large quantity of naphtha in the Tarakan crude. This proved to be deadly to the IJN carriers Taiho and Shokaku (a veteran of Pearl Harbor) during the decisive Battle of the Philippine Sea (waged during the US invasion of Saipan). When these ships were torpedoed by American submarines, the highly volatile fuel (and the vapors from aviation fuel leaking from ruptured tanks) eventually ignited, turning the ships into huge infernos. The fuel eventually exploded, obliterating the huge carriers with massive losses of life. (Poor damage control on Taiho contributed to its destruction.)
Oil is not to be trifled with. Which makes it all the more amazing how much is transported, stored, and consumed without incident. Yes, Bakken presents challenges, but I am sure that economic imperatives (liability, the desire to avoid seeing valuable oil go up in flames, and yes, regulation) will result in adequate precautions and technical innovations that will substantially reduce the risks. Desperation made the Japanese carriers fatal run risks with the oil they burned: we are not so desperate.