Really makes me wonder why these rail companies are screwing up deliveries. Someone paying them to do this?
I thot I explained this awhile back? Burlington Northern Santa Fe as well as Union Pacific are all owned by Warren Buffet, the Oracle of Omaha, now. The very day after Bidum cancelled the pipeline to Kanada he started placing orders for rail tank cars. The major effort to build rail equipment is still for tank cars. The oil is still coming from the Athabaska in Alberta but it’s coming in rail cars instead of pipelines. Buffet charges roughly ten times more to rail oil than it typically costs to pipe it. Notice there was a note earlier about UP being based in Omaha-—never happened until Buffet bought it.
Hauling bulk oil is so much more profitable than hauling boxcars of Amazon trinkets that I don’t blame Buffet for down playing the other kinds of freight. Buffet was the biggest advocate for cancelling the pipeline.
Not only is this a big factor in the price of fuel being high but tank car production has effected the price of steel. The steel I buy is up more than 25% since Bidum’s fake inauguration.
So the short answer to your question about who’s paying them is: You are. Whenever you buy fuel or anything made of steel. There was a brief story a couple days ago about UP taking 100 engines out of mothballs. They no doubt need help pulling the tankers? How come no one has asked Buffet why he’s working so hard to screw things up?