Posted on 11/19/2014 8:07:04 AM PST by upbeat5
What do train whistles and Warren Buffett have in common?
If you answered old-fashioned charm, youre wrong.
The Sightline Institute, a Seattle-based think tank, calls the avuncular billionaire the man behind the exploding trains.
Buffetts company, Berkshire Hathaway, owns Union Tank Car Company, North Americas largest leaser of tank cars. Berkshire also owns BNSF Railway Company, which moves many of those cars.
(Excerpt) Read more at news.muckety.com ...
” Buffett is the exact embodiment of the vulture capitalist.”
100% pure hypocrite
100% pure scum.
And a wooden stake, of course.
She’d need a heart first. Vampires have them. Liberals don’t. The wooden stake has to go somewhere.
We can’t ship a lot of the corn and soybean harvest here in Indiana. All the tank car traffic is delaying everything. There’s stuff still in the fields because the system is backed up.
What made me laugh is the thought of how many tickets you could sell to that event. Arena seating, red carpet entre for the VIPs, pay-tv, IMAX even. Barbra has to go sometime and SHE might agree to it, say for a 10% cut.
You'd be as rich as Bezos himself 'fore it was over.
You ever see Network? The movie? They should teach it in school. Last part of that movie is they kill a guy because his ratings start to suck.
Oh yeah. You’d get a 50 share with Bezos vs Streisand.
Get it? That means a return bout! A series of 'em. Babs and Tom Steyer! Babs and Jeffrey Katzenberg! Babs vs. Al Gore...and she wins by a nose!
The con never ends, my friend.
ME.
Anyone can buy stock in these companies the same as I have. When I saw what was going on in the Permian Basin for rail loadouts of crude, it was a no-brainer where to invest all the money I was making designing and building crude loadouts and sand terminals. I bought my first block of 500 shares of Greenbrier at $18.08 in early 2013. The 52wk high for GBX... $78.32.
Good for you my FRiend.
Honestly, I have my doubts Buffett is any real cause of the delay. He has publicly spoke out in favor of building the Keystone XL. And he owns some pipelines in other areas.
I believe Obama is holding out strictly on the fake climate change argument. Oil sands bad, solar/wind good.
Lies.
Volume is up year on year across the board, even coal, which 0bola has been trying to kill since he was elected:
Just because the shipments are up doesn’t mean they are meeting demand. I read reports where they still had a back up of grain in the local silos from last year before this harvest began.
I guess the Wall Street Journal is lying as well.
Pain in Trains Falls Mainly on Grain
http://online.wsj.com/articles/pain-in-trains-falls-mainly-on-grain-1414972402
The worst rail delays in more than a decade are impeding crop shipments in the Midwest, causing grain-storage facilities to fill up and sending pries for corn, soybean and soybean meal up sharply.
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New reports on backlogs bring renewed criticism of railroads
http://www.startribune.com/business/280264922.html
Farming groups and other businesses blasted railroads for poor service and favoritism Thursday after seeing new reports about backlogs and waiting times for rail cars.
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Mandated Railroad Reports Highlight Farmers’ Frustrations
http://kstp.com/article/stories/s3601487.shtml
In one week in October, 747 train cars operated by BNSF Railway were loaded with harvested grain and ready for shipment. Instead, they sat idle for more than five days.
Meanwhile, only six train cars loaded with crude oil experienced similar delays, according to recent reports submitted to the Federal Government by BNSF.
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BNSF says it will keep spending to fix rail car shortage http://www.prairiebizmag.com/event/article/id/21632/
The chairman of BNSF Railway gave a renewed pledge Monday that record investments will continue to expand rail capacity to alleviate shipping delays caused by brimming grain bins and gushing oil fields.
Found the article I was first looking for:
Railroads still struggle to move freight, despite federal warnings
http://www.startribune.com/business/273867031.html?page=all&prepage=1&c=y#continue
September 4, 2014
With the harvest just ahead, farmers and grain shippers are increasingly worried about where theyll put millions of bushels of Minnesota-grown corn and soybeans because the rail system is far behind in moving last years crop....
As the new harvest ramps up, storage space at many [grain] elevators reportedly is already unavailable or very limited because much of the 2013 corn and soybeans have not been shipped yet, the board noted. As a result, some farmers are being forced to store grain on-site in bins, bags, or on the ground, or to truck grain to distant elevators....
Its not only farmers who are upset about rail delays. Xcel Energy, for example, depends on regular train shipments of coal to fuel its huge Sherco power plant in Becker just northwest of the Twin Cities.
Tom Imbler, the utilitys Denver-based vice president of commercial operations, said Xcel burns 12 to 13 trainloads of coal each week at Sherco, but in recent months has received 7 to 10 trainloads per week, depleting the utilitys inventory significantly...
Not lying at all.
It’s a huge harvest.
There’s a lot of stuff still in the fields now frozen solid due to “global cooling”
What a share of Berkshire Hathaway going for these days ?
I honestly don’t know... I don’t follow that stock. I did follow BNI before B-H bought the railroad. I just knlw that when the Panama Canal expansion is completed, intermodal traffic is going to take a hit for both UP and BNSF. Eye up the AAR data I posted and look at how much of the carloadings are intermodal... that’s a LOT of molded rubber fake dogturds from China that isn’t going to ship by rail across the US.
I wish I had the online link to the powerpoint presentation I have seen with the massive capital project Norfolk Southern is taking on in Elkhart, Indiana... It’s all to alleviate congestion around Chicago... which is so bad Amtrak has been detraining Lakeshore passengers in Toledo and Bussing them the rest of the way to Chicago Union Station.
If you understand how massive an effort is underway to help the rail congestion, why claim the backup in transport is a lie?
Take a closer look at how BH historically has bought firms under government tax threat.
$218,544.91
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