Grain Piles Up, Waiting for a Ride, as Trains Move North Dakota Oil

New York Times ^ | Aug 25, 2014 | Ron Nixon

[Navy Patriot]

Crony capitalism Fascism on full display, folks.

[Last Dakotan]

Don't let the facts get in the way of a good rant;

I'd vote 'yes' on Keystone pipeline: Warren Buffett

http://www.cnbc.com/id/101460011

[ClayinVA]

BNSF and Canadian Railways have still not moved all of the grain and corn from last year’s harvest and now have another bumper crop to move. Good news if you run a stockyard or pig farm in Iowa, bad news if you have a 1000 acres of corn there.

[griswold3]

http://www.bloomberg.com/news/2014-06-23/buffett-s-railway-gets-u-s-deadline-for-grain-cargo-plan.html

Mar. 10, 2014

BrownfieldAgNews reports:

The backlog of Canadian grain shipments should be coming to an end fairly soon.

According to Dow Jones Newswires, Canada’s government will require Canadian Pacific Railway Ltd. and Canadian National Railway Co. to ship at least a half million tons of grain every week or receive a $100,000 fine each day the companies don’t comply.

[Qout]

Buffett at least believes in growth and is building about a hundred miles of second track through North Dakota and Montana this year to handle the increase. The CEO at Canadian Pacific thinks it’s just a passing phase. His mind doesn’t think of railroads as a growth industry (at least not in this century). Buffett is the better Capitalist because he sees an opportunity and is positioning himself to grab a large share. That is why BNSF is handling as much crude as all the other railroads combined.

Meanwhile, CP has only carried about 80% of last year’s harvest. Their potential revenue is still lying on the ground.

[Antoninus II]

Railroad tank cars are light years more safe and efficient than a pipeline.

I hope that's sarcasm...