Not Logged In Log In   Sign Up   Points Leaders
Follow Us    11:06 AM

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 Post a Reply Back to Topics
REPLIES (newest first)
First
1234
Next Last
Profile Pic
EVBuddy
Champion Author Nevada

Posts:16,680
Points:3,029,645
Joined:Sep 2004
Message Posted: Sep 7, 2012 3:19:15 PM
 Ignore EVBuddy Report Abuse

And Trucks are not?
Profile Pic
sparky808
Champion Author Honolulu

Posts:2,986
Points:595,785
Joined:Sep 2011
Message Posted: Sep 7, 2012 12:44:18 PM
 Ignore sparky808 Report Abuse

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

Posts:1,431
Points:570,730
Joined:Jan 2011
Message Posted: Sep 7, 2012 8:19:19 AM
 Ignore IrishCowboy Report Abuse

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

Posts:2,581
Points:515,495
Joined:Aug 2010
Message Posted: Sep 7, 2012 5:17:30 AM
 Ignore dr047 Report Abuse


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

Posts:6,844
Points:1,353,825
Joined:Jul 2009
Message Posted: Sep 7, 2012 12:47:19 AM
 Ignore comprof Report Abuse

Just political garbage.
Profile Pic
afghaned
Champion Author Hamilton

Posts:11,803
Points:1,283,435
Joined:May 2004
Message Posted: Sep 7, 2012 12:10:13 AM
 Ignore afghaned Report Abuse

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:10,926
Points:1,922,555
Joined:Feb 2005
Message Posted: Sep 6, 2012 11:31:40 PM
 Ignore goldrose1 Report Abuse

Jobs creation.
Profile Pic
TustinDad
Champion Author Orange County

Posts:4,271
Points:907,090
Joined:Feb 2008
Message Posted: Sep 6, 2012 11:23:47 PM
 Ignore TustinDad Report Abuse

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:4,271
Points:907,090
Joined:Feb 2008
Message Posted: Sep 6, 2012 11:22:00 PM
 Ignore TustinDad Report Abuse

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:2,458
Points:660,250
Joined:Jan 2010
Message Posted: Sep 6, 2012 11:08:03 PM
 Ignore rahcat Report Abuse

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

Posts:2,493
Points:715,745
Joined:Mar 2009
Message Posted: Sep 6, 2012 11:07:48 PM
 Ignore firefly09 Report Abuse

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

Posts:2,940
Points:829,780
Joined:May 2010
Message Posted: Sep 6, 2012 11:06:45 PM
 Ignore regout Report Abuse

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

Posts:6,387
Points:1,353,780
Joined:May 2009
Message Posted: Sep 6, 2012 11:06:14 PM
 Ignore Fitwit Report Abuse

Bound For Glory.
Profile Pic
1fulltank
Champion Author Buffalo

Posts:7,893
Points:1,542,360
Joined:Nov 2008
Message Posted: Sep 6, 2012 11:05:49 PM
 Ignore 1fulltank Report Abuse

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

Posts:7,510
Points:1,667,635
Joined:Mar 2007
Message Posted: Sep 6, 2012 11:05:21 PM
 Ignore Blue_Cruzer Report Abuse

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

Posts:79
Points:408,170
Joined:Nov 2008
Message Posted: Sep 6, 2012 11:01:13 PM
 Ignore markiesm Report Abuse

Trains rock!
Profile Pic
Holly123
Champion Author Charlotte

Posts:3,191
Points:788,240
Joined:Dec 2010
Message Posted: Sep 6, 2012 10:59:15 PM
 Ignore Holly123 Report Abuse

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

Posts:1,268
Points:1,068,175
Joined:Mar 2004
Message Posted: Sep 6, 2012 10:58:14 PM
 Ignore miser709 Report Abuse

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

Posts:7,658
Points:1,419,880
Joined:May 2005
Message Posted: Sep 6, 2012 10:53:28 PM
 Ignore goodbuy Report Abuse

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

Posts:10,554
Points:1,770,090
Joined:Apr 2008
Message Posted: Sep 6, 2012 10:53:05 PM
 Ignore clermont40miles Report Abuse

Warren Buffett is lapping up the profits.

BHO & Co. crony.

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

Posts:8,055
Points:1,729,430
Joined:Jan 2008
Message Posted: Sep 6, 2012 10:52:21 PM
 Ignore mstearno Report Abuse

gas prices?
Profile Pic
SpankyMI
Champion Author Kalamazoo

Posts:2,698
Points:757,480
Joined:Jan 2011
Message Posted: Sep 6, 2012 10:50:23 PM
 Ignore SpankyMI Report Abuse

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

Posts:3,340
Points:672,140
Joined:May 2011
Message Posted: Sep 6, 2012 10:48:20 PM
 Ignore fenster66 Report Abuse

ok....
Profile Pic
us4usa
Champion Author Missouri

Posts:5,978
Points:1,110,425
Joined:May 2008
Message Posted: Sep 6, 2012 10:48:20 PM
 Ignore us4usa Report Abuse

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

Posts:3,070
Points:739,520
Joined:Mar 2011
Message Posted: Sep 6, 2012 10:46:06 PM
 Ignore MountedShooter Report Abuse

Ok.
Profile Pic
unicornIL
Veteran Author Chicago

Posts:446
Points:383,445
Joined:Jan 2012
Message Posted: Sep 6, 2012 10:42:14 PM
 Ignore unicornIL Report Abuse

ok
Profile Pic
DustyHorse
Champion Author Virginia

Posts:6,072
Points:1,388,920
Joined:Oct 2008
Message Posted: Sep 6, 2012 10:42:05 PM
 Ignore DustyHorse Report Abuse

How about a pipeline?
Profile Pic
WinderGuy
Champion Author Georgia

Posts:2,854
Points:929,680
Joined:Mar 2008
Message Posted: Sep 6, 2012 10:41:04 PM
 Ignore WinderGuy Report Abuse

ok
Profile Pic
nru
Champion Author Twin Cities

Posts:1,734
Points:980,525
Joined:Feb 2006
Message Posted: Sep 6, 2012 10:40:42 PM
 Ignore nru Report Abuse

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

Posts:3,002
Points:677,465
Joined:Aug 2009
Message Posted: Sep 6, 2012 10:38:12 PM
 Ignore Jeeputtputt Report Abuse

rr= more of your tax dollars..
Profile Pic
N4PIP
All-Star Author Miami

Posts:888
Points:416,505
Joined:Jan 2012
Message Posted: Sep 6, 2012 10:37:33 PM
 Ignore N4PIP Report Abuse

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
All-Star Author Hamilton

Posts:611
Points:597,700
Joined:Dec 2010
Message Posted: Sep 6, 2012 10:34:02 PM
 Ignore itsjustme719 Report Abuse

Okay.
Profile Pic
evey315
Sophomore Author Ohio

Posts:219
Points:208,710
Joined:Feb 2012
Message Posted: Sep 6, 2012 10:33:16 PM
 Ignore evey315 Report Abuse

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

Posts:8,125
Points:1,699,155
Joined:Oct 2007
Message Posted: Sep 6, 2012 10:31:43 PM
 Ignore nimpy Report Abuse

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

Posts:4,886
Points:1,018,675
Joined:Dec 2008
Message Posted: Sep 6, 2012 10:29:29 PM
 Ignore Canucktree Report Abuse

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

Posts:1,772
Points:642,185
Joined:Feb 2010
Message Posted: Sep 6, 2012 10:28:39 PM
 Ignore bonzoonfmb Report Abuse

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

Posts:2,642
Points:902,990
Joined:May 2010
Message Posted: Sep 6, 2012 10:27:32 PM
 Ignore DCbeachbum Report Abuse

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:2,196
Points:557,640
Joined:Sep 2010
Message Posted: Sep 6, 2012 10:25:38 PM
 Ignore Yankee829 Report Abuse

Ok
Profile Pic
TustinDad
Champion Author Orange County

Posts:4,271
Points:907,090
Joined:Feb 2008
Message Posted: Sep 6, 2012 10:25:30 PM
 Ignore TustinDad Report Abuse

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:2,988
Points:459,730
Joined:Apr 2011
Message Posted: Sep 6, 2012 10:25:17 PM
 Ignore SandeeC Report Abuse

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

Posts:1,564
Points:340,870
Joined:Jul 2011
Message Posted: Sep 6, 2012 10:24:52 PM
 Ignore EmperorsFinest Report Abuse

Good for them!
Profile Pic
fhnorth
Sophomore Author Nevada

Posts:129
Points:26,590
Joined:Jul 2012
Message Posted: Sep 6, 2012 10:24:15 PM
 Ignore fhnorth Report Abuse

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:4,053
Points:1,015,855
Joined:Jun 2007
Message Posted: Sep 6, 2012 10:24:08 PM
 Ignore matthwbar Report Abuse

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

Posts:3,497
Points:601,520
Joined:May 2011
Message Posted: Sep 6, 2012 10:24:07 PM
 Ignore Ahking Report Abuse

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

Posts:4,271
Points:907,090
Joined:Feb 2008
Message Posted: Sep 6, 2012 10:23:18 PM
 Ignore TustinDad Report Abuse

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

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

Posts:166
Points:110,495
Joined:Aug 2012
Message Posted: Sep 6, 2012 10:23:04 PM
 Ignore Piggy1959 Report Abuse

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:3,048
Points:1,076,480
Joined:Sep 2009
Message Posted: Sep 6, 2012 10:21:51 PM
 Ignore OOXXFF Report Abuse

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

Posts:7,912
Points:1,573,030
Joined:Nov 2008
Message Posted: Sep 6, 2012 10:20:41 PM
 Ignore abcdMA Report Abuse

amazing how private industry is creating jobs
Profile Pic
after10
Veteran Author Hamilton

Posts:361
Points:47,870
Joined:Jul 2012
Message Posted: Sep 6, 2012 10:20:17 PM
 Ignore after10 Report Abuse

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 10:17:04 PM
 Ignore jimbonator88 Report Abuse

fast track
Post a reply Back to Topics
First
1234
Next Last
"Consumers working together to save on gas"