Well darn..
you mean a private business is passing up the grain cars because the oil cars pay better??
who’d have thunk.
it’s capitalism.. pay more than the oil guys or get the slow boat to china treatment.
This could all be avoided if Obama would stop opposing the damned pipeline.
Warren E. Buffett, who just by coincidence is a huge Obama supporter. I wonder how he was able to convince congress that shipping oil by rail, instead of using a pipeline, was a good idea?
Crony capitalism on full display, folks.
Obama gets his cut from Oil , but Grain ,the Wookiee says don’t eat it
Time for the Grand Kenyan to pick up that pen and outlaw the practice - gotta have food, you know...
I think some of this is also due to the Chicago Board of trade turning into the “2nd fiat stock market” where the trades are so abstract that most of the trading is based on fantasy. If they had to take deliver of product every time they traded the system would be more “solid”....
It is like the difference between “gold stocks” and actually posessing physical gold.
While I am not against trading as a concept I think there is point where stuff gets too “abstracted out” that you have turned the commodity that they are trading into it’s own “Fantasy Fiat Currency”....
Some of the paper games could be the reason why shipping of grain is taking second fiddle to oil and the people in this country who need the grain will end up buying grain from othercountries not because it is cheaper but because it is easier to get trains comming from the ports than fromt he heatland....
Warren Buffett, much like dysentery, is the crony capitalist that keeps on giving.
Wouldn’t a pipeline work better? / major sarcasm
Ma Chalmers needs them there rail cars for the soybean crop!
Railroad tank cars are light years more safe and efficient than a pipeline.
I'd vote 'yes' on Keystone pipeline: Warren Buffett
http://www.cnbc.com/id/101460011
BNSF and Canadian Railways have still not moved all of the grain and corn from last year’s harvest and now have another bumper crop to move. Good news if you run a stockyard or pig farm in Iowa, bad news if you have a 1000 acres of corn there.