I’ve never understood the hero worship of Buffett. He’s a parasite who buys huge blocks of stock to drive the price up. “Genius”? No.
Mr. Buffett’s railroad stands to make more money from environmental policy. Low-sulfur coal currently travels by rail from Wyoming to generating plants in Ohio, Pennsylvania and West Virginia. But why bring those coal cars back empty? The BNSF has plans to build an export terminal in Washington state to send West Virginia coal to China. That way the railroad can make money coming and going.