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Railroads Are on a Fast Track, Thanks to Bakken Oil

CNBC -- Among the biggest beneficiaries of the demand for transport of crude oil out of North Dakota’s Bakken shale region are the owners of the two main rail links to the region, Canadian Pacific Railway and Burlington Northern Santa Fe, which is owned by Warren Buffett’s Berkshire Hathaway.

The companies are exploiting the lack of pipeline capacity needed to ship the region’s rapidly growing production of crude to refineries thousands of miles away, and that demand is serving to more than offset expected weakness from their shipment of agricultural products due to the drought and lower coal shipments as utilities shift to burning the cheaper natural gas.Oil production from the 200,000-square-mile Bakken basin, which extends into Montana and southern Canada, is skyrocketing, thanks in part ..

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Submitted Sep 06, 2012 By: BurntOrange
Category: Daily News Article Discussions > Topics Add to favorite topics  
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EVBuddy
Champion Author Nevada

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Message Posted: Sep 7, 2012 3:19:15 PM
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And Trucks are not?
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sparky808
Champion Author Honolulu

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Message Posted: Sep 7, 2012 12:44:18 PM
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Thank you for posting.
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IrishCowboy
Champion Author Fort Wayne

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Message Posted: Sep 7, 2012 8:19:19 AM
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Hmmm, so who benefits of projects like Keystone get stymied?
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dr047
Champion Author Cleveland

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Message Posted: Sep 7, 2012 5:17:30 AM
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It doesn't matter - Refineries can't handle what they have now.
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comprof
Champion Author Houston

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Just political garbage.
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afghaned
Champion Author Hamilton

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Message Posted: Sep 7, 2012 12:10:13 AM
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People worry about pipeline leaks. Just think, a rolling disaster possibly coming to your neighbourhood if they have an accident or terrorist attack.
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goldrose1
Champion Author Cleveland

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Jobs creation.
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TustinDad
Champion Author Orange County

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Message Posted: Sep 6, 2012 11:23:47 PM
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clermont40miles wrote: "Warren Buffett is lapping up the profits.
BHO & Co. crony."

Come January you will have the Koch brothers cronies lapping up the profits. I don't see a big difference.
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TustinDad
Champion Author Orange County

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Message Posted: Sep 6, 2012 11:22:00 PM
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firefly09 wrote: "Used to be Trains, now more planes. Are we going backwards now?"

Depends on what you are transporting. It is kind of difficult to transport bulk crude oil on a plane, don't you think? And with the idiocies of TSA more and more people are going by train for short to medium distances. Just see how full the trains on eht East Coast are.

[Edited by: TustinDad at 9/7/2012 12:22:21 AM EST]
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rahcat
Champion Author Grand Rapids

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Anyway to get the oil to the refineries.
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firefly09
Champion Author San Diego

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Message Posted: Sep 6, 2012 11:07:48 PM
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Used to be Trains, now more planes. Are we going backwards now?
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regout
Champion Author Quebec

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Message Posted: Sep 6, 2012 11:06:45 PM
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Less trucks on the road.
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Fitwit
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Bound For Glory.
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1fulltank
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Any way around the pipeline controversy.
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Blue_Cruzer
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Good news for the railroads.
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markiesm
Rookie Author Fort Worth

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Message Posted: Sep 6, 2012 11:01:13 PM
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Trains rock!
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Holly123
Champion Author Charlotte

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Cheaper way to travel and maybe not have to deal with TSA
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miser709
Champion Author Grand Rapids

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Message Posted: Sep 6, 2012 10:58:14 PM
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Warren Buffett’s Berkshire Hathaway? Doesn't he have enough money yet?
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goodbuy
Champion Author Michigan

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OH NO!! Not Buffet. Is he still alive?
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clermont40miles
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Message Posted: Sep 6, 2012 10:53:05 PM
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Warren Buffett is lapping up the profits.

BHO & Co. crony.

At least a product is produced.
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mstearno
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Message Posted: Sep 6, 2012 10:52:21 PM
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gas prices?
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SpankyMI
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Somebody is working, this is good.
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fenster66
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ok....
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us4usa
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The more US oil the better... OPEC can KISS OFF...
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MountedShooter
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Ok.
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unicornIL
Veteran Author Chicago

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ok
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DustyHorse
Champion Author Virginia

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Message Posted: Sep 6, 2012 10:42:05 PM
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How about a pipeline?
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WinderGuy
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ok
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nru
Champion Author Twin Cities

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Message Posted: Sep 6, 2012 10:40:42 PM
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cheapest way to ship freight, by a long shot - let's start supporting rail systems
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Jeeputtputt
Champion Author Ohio

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rr= more of your tax dollars..
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N4PIP
All-Star Author Miami

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Message Posted: Sep 6, 2012 10:37:33 PM
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Trains are an underutilized form of transportation in America. We should be encouraging the use of the rails for passengers and freight.
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itsjustme719
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Message Posted: Sep 6, 2012 10:34:02 PM
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Okay.
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evey315
Sophomore Author Ohio

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Message Posted: Sep 6, 2012 10:33:16 PM
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now know why pipeline will not be built
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nimpy
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I think this is so good
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Canucktree
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Message Posted: Sep 6, 2012 10:29:29 PM
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Fast track, but going the wrong way.
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bonzoonfmb
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Message Posted: Sep 6, 2012 10:28:39 PM
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Warren Buffett and Berkshire Hathaway know how to make money.
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DCbeachbum
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Message Posted: Sep 6, 2012 10:27:32 PM
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Railroads could be used more. As the cost of fuel goes up, trains can pull a lot more weight than trucks per gallon.
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Yankee829
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Message Posted: Sep 6, 2012 10:25:38 PM
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Ok
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TustinDad
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ToolinIt wrote: "Oh, I forgot that the steel industry in the US was shut down due to outsourcing to overseas due to the EPA regs. The EPA was given way too much power and has eliminated hundreds of thousands of jobs in the US. I know a lot of machinists that lost their jobs due to the EPA - they had to file bankruptcy because their machines cost a lot of money."

You have absolutely no idea what you are talking about, do you?
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SandeeC
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Message Posted: Sep 6, 2012 10:25:17 PM
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Yeah, I hope so too OOXXFF.
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EmperorsFinest
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Good for them!
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fhnorth
Sophomore Author Nevada

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Message Posted: Sep 6, 2012 10:24:15 PM
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I also enjoyed the play on words "Fast Track". We need to find other ways to make the same protest Bakken is makin'! I am getting sick and tired of paying for foreign oil when we have loads and loads of oil right here in North America. Obama and the left be damned! Those who are standing in the way of processing, piping and using our own petroleum products should be shot (or at least voted out of office!!!!
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matthwbar
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Very nice...!
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Ahking
Champion Author Orange County

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Message Posted: Sep 6, 2012 10:24:07 PM
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They should profit from it as they venture into this situation. Good for them.
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TustinDad
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Message Posted: Sep 6, 2012 10:23:18 PM
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OOXXFF wrote: "I hope the railroad owners are not using their monopoly to gouge."

There is no monopoly.
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Piggy1959
Sophomore Author Fort Worth

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Message Posted: Sep 6, 2012 10:23:04 PM
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Sure; Warren Buffet is enjoying this. The old man is trying to play catchup to Bill Gates again. Forget about all of us "common folks" (people of the dirt).
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OOXXFF
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Message Posted: Sep 6, 2012 10:21:51 PM
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I hope the railroad owners are not using their monopoly to gouge.
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abcdMA
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amazing how private industry is creating jobs
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after10
Veteran Author Hamilton

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yup lots of profits there how giving some back
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jimbonator88
Sophomore Author California

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Message Posted: Sep 6, 2012 10:17:04 PM
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fast track
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