[AZLiberty]

Call it the Buffet tax. He’s the one profiting most from rail-based oil transport, and seems to have the ear of this administration.

[AZLiberty]

Oops, make that Buffett, not Buffet.

[Smokin' Joe]

This was a Canadian railway. They left the unattended train parked on a grade overnight with one engine idling to keep the brake pressure up. That engine caught fire, the fire department came and put the fire out, and the engine was shut off. When the brakes released, the train rolled downgrade into Lac Megantic.

I don't know what share of that railroad Buffet owned, but it went bust. If I recall correctly, Buffet is invested in BNSF, an American railroad.

The big hit here is to place the public focus on the one working transport mechanism that hauls most of the crude oil from the Williston Basin (Bakken/Three Forks oil). If the transport mechanism is shut down by popular acclaim, some 750,000 barrels of oil a day won't make it to refineries, and a huge economic light will be extinguished.

People have come to North Dakota from all over the US and beyond to work in the oil industry or related good paying jobs, but it could look as dismal as other parts of the country if they can find a way to shut it down.

[Moonman62]

Call it the Buffet tax. He’s the one profiting most from rail-based oil transport, and seems to have the ear of this administration.

Before that he made money hauling coal. He does a great job of pretending to be a liberal.