Quote:
Originally Posted by RustyLugNut
You are implying the Buffet owned railroad is doing well because it has no competition from a pipeline or road trains?
This is a classic study from a class in industrial economics.
You need to look at what the trains are carrying now and what they will lose if the pipeline goes through and the road trains become ubiquitous.
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They are carrying tens of thousands of cars full of crude. He is also in the business of making crude oil tanker cars and has more customers then supply. Then he has other loads besides oil jacking up their freight bids just to try and get on a train. You don't need a college class to see he's greatly benifiting from stopping the pipeline.