Posted on 07/31/2017 3:31:32 AM PDT by buckalfa
Thanks for the information. I suspect I’ll be googling to learn more...
This kind of thinking destroyed American industry in the 1980s, particularly with the leveraged buyout frenzy. It's short term thinking, something that is "unthinkable" to our adversaries like the Chicoms.
Mr. Harrison's thinking is what hollowed out America's heartland. Already this year there have been a number of inexplicable layoffs of CSX workers, even though business is thriving. Every single day, seven days a week, I see long, long fully laden coal trains, more than I've seen in several years. Business is good.
Well, I'm sure Norfolk Southern would be happy to take the "burden" of hauling coal away from CSX. Then Mr. Harrison can task his trains to servicing his first love: hauling containers full of Chinese trinkets into the heart of America.
People who want to just make use of the most efficient energy sources lose the argument the moment they call it fossil fuel. This fuel is likely not made from fossilized life but from reactions of elements within the planet. It was some French dude who originally described oil as originating from decaying plants and dinosaurs.
Let’s call them petroleum and petroleum-related products. We don’t know how much exists but we seem to never run out.
The 60% increase in coal mining isn’t reflected in U.S. electrical consumption; thus, likely an export market supporting the expansion of sales. Still moving by rail to the freighter terminal, unless barge traffic is greatly expanded??? Is Harrison and CSX sidelined by others taking the coal traffic?
More winning will fix that. : )
Dewey defeats Truman!
“”I’d think there’d be huge amounts of wear on the inside of pipes running what is essentially rocks and water through them, at least as compared to liquids.””
There are various thing you can pump along with it to cut down abrasion, we add a variety of compounds depending on needs in the fracing business.
“Fossil fuels are dead,” said Hunter Harrison,”
“Hunter Harrison is dead” said fossil fuels
Not everyone has the natural gas at an affordable price—see Europe ($8 therm) and Asia ($12 therm).
Coal exports are no where near terminal capacities.
Mr. Harrison is most likely feathering his nest for a big payoff, FOR HIM.
Dynamic tension, tell a bad enough story, have layoffs and make the employees “happy” to do more or the same with less. Turn in a few quarters of amazing results in a growing economy and cash out before the penny pinching ways show up. It is also called HARVEST and run.
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