Warren Buffett has the President’s ear and his railroad is ready to carry the oil in tank cars. There are currently over 56,000 railroad cars on order. Some will carry frack sand and about 20,000 of them are tank cars for oil.
Here’s the current backlog:
Trinity Industries: 27,885
Greenbriar Cos: 15,400
American Railcar Industries: 7,100
FreightCar America: 6,311
At an average shipping cost of $6 per barrel, Mr. Buffett’s BNSF railroad stands to get about $3 million per day to carry half a million barrels of oil each and every day that this pipeline is delayed.
Excellent...cui bono? The only question worth asking in politics.