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Warren Buffett's Massive Railroad Lobby
Muckety ^ | May 5, 2014 | Laurie Bennett

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, you’re wrong.

The Sightline Institute, a Seattle-based think tank, calls the avuncular billionaire “the man behind the exploding trains.”

Buffett’s company, Berkshire Hathaway, owns Union Tank Car Company, North America’s largest leaser of tank cars. Berkshire also owns BNSF Railway Company, which moves many of those cars.

(Excerpt) Read more at news.muckety.com ...


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: berkshirehathaway; buffett; energy; keystone; keystonexl; oil; opec; override; rail; railroad; veto; warren; warrenbuffett
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To: RinaseaofDs

” Buffett is the exact embodiment of the vulture capitalist.”

100% pure hypocrite

100% pure scum.


21 posted on 11/19/2014 9:55:53 AM PST by stephenjohnbanker (The only people in the world who fear Obama are American citizens.)
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To: RinaseaofDs
He could kill Barbara Streisand with his bare hands in Times Square.

And a wooden stake, of course.

22 posted on 11/19/2014 10:35:31 AM PST by Fightin Whitey
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To: Fightin Whitey

She’d need a heart first. Vampires have them. Liberals don’t. The wooden stake has to go somewhere.


23 posted on 11/19/2014 10:58:32 AM PST by RinaseaofDs
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To: Eric in the Ozarks

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.


24 posted on 11/19/2014 11:01:47 AM PST by nascarnation (Impeach, Convict, Deport)
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To: RinaseaofDs
He could kill Barbara Streisand with his bare hands in Times Square.

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.

25 posted on 11/19/2014 11:07:28 AM PST by Fightin Whitey
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To: Fightin Whitey

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.


26 posted on 11/19/2014 11:13:08 AM PST by RinaseaofDs
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To: RinaseaofDs
Dude...with a little footwork we could even set it up so...BABS WINS!

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.

27 posted on 11/19/2014 11:35:38 AM PST by Fightin Whitey
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To: thackney; Eric in the Ozarks
And guess who owns a company that builds the newer, stronger tank cars?

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.

28 posted on 11/19/2014 12:28:38 PM PST by Rodamala
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To: Rodamala

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.


29 posted on 11/19/2014 12:42:13 PM PST by thackney (life is fragile, handle with prayer.)
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To: nascarnation
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.

Lies.

Volume is up year on year across the board, even coal, which 0bola has been trying to kill since he was elected:


30 posted on 11/19/2014 12:50:56 PM PST by Rodamala
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To: Rodamala

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.

- - - - - -

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.

- - - - - - - -

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.

- - - - - -

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.


31 posted on 11/19/2014 12:59:44 PM PST by thackney (life is fragile, handle with prayer.)
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To: Rodamala

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 they’ll put millions of bushels of Minnesota-grown corn and soybeans because the rail system is far behind in moving last year’s 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.”...

It’s 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 utility’s 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 utility’s inventory significantly...


32 posted on 11/19/2014 1:05:13 PM PST by thackney (life is fragile, handle with prayer.)
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To: Rodamala

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”


33 posted on 11/19/2014 1:29:36 PM PST by nascarnation (Impeach, Convict, Deport)
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To: Rodamala

What a share of Berkshire Hathaway going for these days ?


34 posted on 11/19/2014 4:41:32 PM PST by Eric in the Ozarks (Rip it out by the roots.)
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To: Eric in the Ozarks

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.


35 posted on 11/19/2014 6:43:21 PM PST by Rodamala
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To: thackney

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.


36 posted on 11/19/2014 6:47:49 PM PST by Rodamala
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To: Rodamala

If you understand how massive an effort is underway to help the rail congestion, why claim the backup in transport is a lie?


37 posted on 11/19/2014 7:10:45 PM PST by thackney (life is fragile, handle with prayer.)
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To: upbeat5
BFLR
38 posted on 11/19/2014 7:12:08 PM PST by Chgogal (Obama "hung the SEALs out to dry, basically exposed them like a set of dog balls..." CMH)
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To: Rodamala

Take a closer look at how BH historically has bought firms under government tax threat.


39 posted on 11/19/2014 7:12:24 PM PST by Eric in the Ozarks (Rip it out by the roots.)
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To: Eric in the Ozarks

$218,544.91


40 posted on 11/19/2014 7:16:42 PM PST by Lurkina.n.Learnin (It's a shame nobama truly doesn't care about any of this. Our country, our future, he doesn't care)
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