Not Logged In Log In   Sign Up   Points Leaders
Follow Us    10:00 PM

GasBuddy News Article

50
votes
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 ..


Read the Full Article

Submitted Sep 06, 2012 By: BurntOrange
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Railroads Are on a Fast Track, Thanks to Bakken Oil Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
EVBuddy
Champion Author Nevada

Posts:19,438
Points:3,674,785
Joined:Sep 2004
Message Posted: Sep 7, 2012 4:19:15 PM

And Trucks are not?
Profile Pic
sparky808
Champion Author Honolulu

Posts:5,536
Points:1,233,580
Joined:Sep 2011
Message Posted: Sep 7, 2012 1:44:18 PM

Thank you for posting.
Profile Pic
IrishCowboy
Champion Author Fort Wayne

Posts:1,441
Points:728,430
Joined:Jan 2011
Message Posted: Sep 7, 2012 9:19:19 AM

Hmmm, so who benefits of projects like Keystone get stymied?
Profile Pic
dr047
Champion Author Cleveland

Posts:5,089
Points:1,110,090
Joined:Aug 2010
Message Posted: Sep 7, 2012 6:17:30 AM


It doesn't matter - Refineries can't handle what they have now.
Profile Pic
comprof
Champion Author Houston

Posts:9,838
Points:2,012,290
Joined:Jul 2009
Message Posted: Sep 7, 2012 1:47:19 AM

Just political garbage.
Profile Pic
afghaned
Champion Author Ottawa

Posts:15,545
Points:1,943,515
Joined:May 2004
Message Posted: Sep 7, 2012 1:10:13 AM

People worry about pipeline leaks. Just think, a rolling disaster possibly coming to your neighbourhood if they have an accident or terrorist attack.
Profile Pic
goldrose1
Champion Author Cleveland

Posts:13,709
Points:2,551,165
Joined:Feb 2005
Message Posted: Sep 7, 2012 12:31:40 AM

Jobs creation.
Profile Pic
TustinDad
Champion Author Orange County

Posts:5,375
Points:999,955
Joined:Feb 2008
Message Posted: Sep 7, 2012 12:23:47 AM

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.
Profile Pic
TustinDad
Champion Author Orange County

Posts:5,375
Points:999,955
Joined:Feb 2008
Message Posted: Sep 7, 2012 12:22:00 AM

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]
Profile Pic
rahcat
Champion Author Grand Rapids

Posts:5,485
Points:1,320,750
Joined:Jan 2010
Message Posted: Sep 7, 2012 12:08:03 AM

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

Posts:4,422
Points:1,186,515
Joined:Mar 2009
Message Posted: Sep 7, 2012 12:07:48 AM

Used to be Trains, now more planes. Are we going backwards now?
Profile Pic
regout
Champion Author Quebec

Posts:5,690
Points:1,484,880
Joined:May 2010
Message Posted: Sep 7, 2012 12:06:45 AM

Less trucks on the road.
Profile Pic
Fitwit
Champion Author Stockton

Posts:9,054
Points:1,977,355
Joined:May 2009
Message Posted: Sep 7, 2012 12:06:14 AM

Bound For Glory.
Profile Pic
1fulltank
Champion Author Buffalo

Posts:10,454
Points:2,164,945
Joined:Nov 2008
Message Posted: Sep 7, 2012 12:05:49 AM

Any way around the pipeline controversy.
Profile Pic
Blue_Cruzer
Champion Author Lexington

Posts:8,894
Points:1,942,465
Joined:Mar 2007
Message Posted: Sep 7, 2012 12:05:21 AM

Good news for the railroads.
Profile Pic
markiesm
Rookie Author Fort Worth

Posts:82
Points:807,105
Joined:Nov 2008
Message Posted: Sep 7, 2012 12:01:13 AM

Trains rock!
Profile Pic
Holly123
Champion Author Charlotte

Posts:5,579
Points:1,422,325
Joined:Dec 2010
Message Posted: Sep 6, 2012 11:59:15 PM

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

Posts:1,278
Points:1,672,000
Joined:Mar 2004
Message Posted: Sep 6, 2012 11:58:14 PM

Warren Buffett’s Berkshire Hathaway? Doesn't he have enough money yet?
Profile Pic
goodbuy
Champion Author Michigan

Posts:10,257
Points:2,035,945
Joined:May 2005
Message Posted: Sep 6, 2012 11:53:28 PM

OH NO!! Not Buffet. Is he still alive?
Profile Pic
clermont40miles
Champion Author Cincinnati

Posts:14,119
Points:2,423,295
Joined:Apr 2008
Message Posted: Sep 6, 2012 11:53:05 PM

Warren Buffett is lapping up the profits.

BHO & Co. crony.

At least a product is produced.
Profile Pic
mstearno
Champion Author Dayton

Posts:9,561
Points:2,271,325
Joined:Jan 2008
Message Posted: Sep 6, 2012 11:52:21 PM

gas prices?
Profile Pic
SpankyMI
Champion Author Kalamazoo

Posts:4,994
Points:1,363,655
Joined:Jan 2011
Message Posted: Sep 6, 2012 11:50:23 PM

Somebody is working, this is good.
Profile Pic
fenster66
Champion Author Pittsburgh

Posts:6,129
Points:1,332,590
Joined:May 2011
Message Posted: Sep 6, 2012 11:48:20 PM

ok....
Profile Pic
us4usa
Champion Author Missouri

Posts:7,104
Points:1,514,205
Joined:May 2008
Message Posted: Sep 6, 2012 11:48:20 PM

The more US oil the better... OPEC can KISS OFF...
Profile Pic
MountedShooter
Champion Author Georgia

Posts:5,575
Points:1,385,970
Joined:Mar 2011
Message Posted: Sep 6, 2012 11:46:06 PM

Ok.
Profile Pic
unicornIL
All-Star Author Chicago

Posts:560
Points:694,690
Joined:Jan 2012
Message Posted: Sep 6, 2012 11:42:14 PM

ok
Profile Pic
DustyHorse
Champion Author Virginia

Posts:8,773
Points:2,012,960
Joined:Oct 2008
Message Posted: Sep 6, 2012 11:42:05 PM

How about a pipeline?
Profile Pic
WinderGuy
Champion Author Georgia

Posts:4,970
Points:1,531,630
Joined:Mar 2008
Message Posted: Sep 6, 2012 11:41:04 PM

ok
Profile Pic
nru
Champion Author Twin Cities

Posts:6,079
Points:1,639,025
Joined:Feb 2006
Message Posted: Sep 6, 2012 11:40:42 PM

cheapest way to ship freight, by a long shot - let's start supporting rail systems
Profile Pic
Jeeputtputt
Champion Author Ohio

Posts:3,037
Points:693,000
Joined:Aug 2009
Message Posted: Sep 6, 2012 11:38:12 PM

rr= more of your tax dollars..
Profile Pic
N4PIP
Champion Author Miami

Posts:2,805
Points:1,048,175
Joined:Jan 2012
Message Posted: Sep 6, 2012 11:37:33 PM

Trains are an underutilized form of transportation in America. We should be encouraging the use of the rails for passengers and freight.
Profile Pic
itsjustme719
Champion Author Hamilton

Posts:2,256
Points:1,190,560
Joined:Dec 2010
Message Posted: Sep 6, 2012 11:34:02 PM

Okay.
Profile Pic
evey315
Sophomore Author Ohio

Posts:219
Points:238,460
Joined:Feb 2012
Message Posted: Sep 6, 2012 11:33:16 PM

now know why pipeline will not be built
Profile Pic
nimpy
Champion Author Indianapolis

Posts:10,556
Points:2,292,535
Joined:Oct 2007
Message Posted: Sep 6, 2012 11:31:43 PM

I think this is so good
Profile Pic
Canucktree
Champion Author Alberta

Posts:7,138
Points:1,609,830
Joined:Dec 2008
Message Posted: Sep 6, 2012 11:29:29 PM

Fast track, but going the wrong way.
Profile Pic
bonzoonfmb
Champion Author Florida

Posts:2,540
Points:888,110
Joined:Feb 2010
Message Posted: Sep 6, 2012 11:28:39 PM

Warren Buffett and Berkshire Hathaway know how to make money.
Profile Pic
DCbeachbum
Champion Author South Carolina

Posts:3,554
Points:1,467,755
Joined:May 2010
Message Posted: Sep 6, 2012 11:27:32 PM

Railroads could be used more. As the cost of fuel goes up, trains can pull a lot more weight than trucks per gallon.
Profile Pic
Yankee829
Champion Author Dallas

Posts:5,002
Points:1,215,695
Joined:Sep 2010
Message Posted: Sep 6, 2012 11:25:38 PM

Ok
Profile Pic
TustinDad
Champion Author Orange County

Posts:5,375
Points:999,955
Joined:Feb 2008
Message Posted: Sep 6, 2012 11:25:30 PM

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?
Profile Pic
SandeeC
Champion Author Ontario

Posts:3,334
Points:503,460
Joined:Apr 2011
Message Posted: Sep 6, 2012 11:25:17 PM

Yeah, I hope so too OOXXFF.
Profile Pic
EmperorsFinest
Champion Author Chicago

Posts:1,799
Points:519,470
Joined:Jul 2011
Message Posted: Sep 6, 2012 11:24:52 PM

Good for them!
Profile Pic
fhnorth
Sophomore Author Nevada

Posts:129
Points:26,590
Joined:Jul 2012
Message Posted: Sep 6, 2012 11:24:15 PM

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!!!!
Profile Pic
matthwbar
Champion Author Toledo

Posts:6,651
Points:1,661,925
Joined:Jun 2007
Message Posted: Sep 6, 2012 11:24:08 PM

Very nice...!
Profile Pic
Ahking
Champion Author Orange County

Posts:3,618
Points:625,235
Joined:May 2011
Message Posted: Sep 6, 2012 11:24:07 PM

They should profit from it as they venture into this situation. Good for them.
Profile Pic
TustinDad
Champion Author Orange County

Posts:5,375
Points:999,955
Joined:Feb 2008
Message Posted: Sep 6, 2012 11:23:18 PM

OOXXFF wrote: "I hope the railroad owners are not using their monopoly to gouge."

There is no monopoly.
Profile Pic
Piggy1959
Champion Author Fort Worth

Posts:1,223
Points:516,185
Joined:Aug 2012
Message Posted: Sep 6, 2012 11:23:04 PM

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).
Profile Pic
OOXXFF
Champion Author Greensboro

Posts:5,786
Points:1,730,255
Joined:Sep 2009
Message Posted: Sep 6, 2012 11:21:51 PM

I hope the railroad owners are not using their monopoly to gouge.
Profile Pic
abcdMA
Champion Author Worcester

Posts:10,647
Points:2,220,215
Joined:Nov 2008
Message Posted: Sep 6, 2012 11:20:41 PM

amazing how private industry is creating jobs
Profile Pic
after10
All-Star Author Hamilton

Posts:649
Points:104,970
Joined:Jul 2012
Message Posted: Sep 6, 2012 11:20:17 PM

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

Posts:135
Points:29,350
Joined:Aug 2012
Message Posted: Sep 6, 2012 11:17:04 PM

fast track
Post a reply Back to Topics