very interesting. more info on why its a terrible idea to have the government decide when and where to build petroleum transportation systems.
oil by rail? Hmmmmmm. Now that the pipeline got nixed, who benefits?
Warren Buffet (Burlington Northern)
Bill Gates (Canadian Pacific)
Both are major stake holders in the these rail lines.
Look at two energy transportation systems: pipelines and electrical transmission lines.
We have serious transmission line problems because the states have a relatively higher regulatory authority than FERC. We have much less of a pipeline problem because FERC's pipeline authority transcends the individual states