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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 ..

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Submitted Sep 06, 2012 By: BurntOrange

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EVBuddy Champion Author Nevada Posts:16,830 Points:3,058,320 Joined:Sep 2004	Message Posted: Sep 7, 2012 10:19:15 AM Ignore EVBuddy Report Abuse And Trucks are not?
sparky808 Champion Author Honolulu Posts:3,139 Points:624,685 Joined:Sep 2011	Message Posted: Sep 7, 2012 7:44:18 AM Ignore sparky808 Report Abuse Thank you for posting.
IrishCowboy Champion Author Fort Wayne Posts:1,437 Points:593,900 Joined:Jan 2011	Message Posted: Sep 7, 2012 3:19:19 AM Ignore IrishCowboy Report Abuse Hmmm, so who benefits of projects like Keystone get stymied?
dr047 Champion Author Cleveland Posts:2,726 Points:542,445 Joined:Aug 2010	Message Posted: Sep 7, 2012 12:17:30 AM Ignore dr047 Report Abuse It doesn't matter - Refineries can't handle what they have now.
comprof Champion Author Houston Posts:7,004 Points:1,383,475 Joined:Jul 2009	Message Posted: Sep 6, 2012 7:47:19 PM Ignore comprof Report Abuse Just political garbage.
afghaned Champion Author Hamilton Posts:11,977 Points:1,312,860 Joined:May 2004	Message Posted: Sep 6, 2012 7:10:13 PM 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.
goldrose1 Champion Author Cleveland Posts:11,065 Points:1,948,630 Joined:Feb 2005	Message Posted: Sep 6, 2012 6:31:40 PM Ignore goldrose1 Report Abuse Jobs creation.
TustinDad Champion Author Orange County Posts:4,377 Points:915,560 Joined:Feb 2008	Message Posted: Sep 6, 2012 6:23:47 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.
TustinDad Champion Author Orange County Posts:4,377 Points:915,560 Joined:Feb 2008	Message Posted: Sep 6, 2012 6:22:00 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]
rahcat Champion Author Grand Rapids Posts:2,676 Points:689,675 Joined:Jan 2010	Message Posted: Sep 6, 2012 6:08:03 PM Ignore rahcat Report Abuse Anyway to get the oil to the refineries.
firefly09 Champion Author San Diego Posts:2,608 Points:739,130 Joined:Mar 2009	Message Posted: Sep 6, 2012 6:07:48 PM Ignore firefly09 Report Abuse Used to be Trains, now more planes. Are we going backwards now?
regout Champion Author Quebec Posts:3,090 Points:859,430 Joined:May 2010	Message Posted: Sep 6, 2012 6:06:45 PM Ignore regout Report Abuse Less trucks on the road.
Fitwit Champion Author Stockton Posts:6,523 Points:1,379,005 Joined:May 2009	Message Posted: Sep 6, 2012 6:06:14 PM Ignore Fitwit Report Abuse Bound For Glory.
1fulltank Champion Author Buffalo Posts:8,036 Points:1,570,995 Joined:Nov 2008	Message Posted: Sep 6, 2012 6:05:49 PM Ignore 1fulltank Report Abuse Any way around the pipeline controversy.
Blue_Cruzer Champion Author Lexington Posts:7,655 Points:1,696,310 Joined:Mar 2007	Message Posted: Sep 6, 2012 6:05:21 PM Ignore Blue_Cruzer Report Abuse Good news for the railroads.
markiesm Rookie Author Fort Worth Posts:79 Points:429,170 Joined:Nov 2008	Message Posted: Sep 6, 2012 6:01:13 PM Ignore markiesm Report Abuse Trains rock!
Holly123 Champion Author Charlotte Posts:3,332 Points:816,710 Joined:Dec 2010	Message Posted: Sep 6, 2012 5:59:15 PM Ignore Holly123 Report Abuse Cheaper way to travel and maybe not have to deal with TSA
miser709 Champion Author Grand Rapids Posts:1,268 Points:1,093,950 Joined:Mar 2004	Message Posted: Sep 6, 2012 5:58:14 PM Ignore miser709 Report Abuse Warren Buffett’s Berkshire Hathaway? Doesn't he have enough money yet?
goodbuy Champion Author Michigan Posts:7,806 Points:1,449,205 Joined:May 2005	Message Posted: Sep 6, 2012 5:53:28 PM Ignore goodbuy Report Abuse OH NO!! Not Buffet. Is he still alive?
clermont40miles Champion Author Cincinnati Posts:10,747 Points:1,798,620 Joined:Apr 2008	Message Posted: Sep 6, 2012 5:53:05 PM Ignore clermont40miles Report Abuse Warren Buffett is lapping up the profits. BHO & Co. crony. At least a product is produced.
mstearno Champion Author Dayton Posts:8,174 Points:1,755,920 Joined:Jan 2008	Message Posted: Sep 6, 2012 5:52:21 PM Ignore mstearno Report Abuse gas prices?
SpankyMI Champion Author Kalamazoo Posts:2,826 Points:783,640 Joined:Jan 2011	Message Posted: Sep 6, 2012 5:50:23 PM Ignore SpankyMI Report Abuse Somebody is working, this is good.
fenster66 Champion Author Pittsburgh Posts:3,485 Points:700,815 Joined:May 2011	Message Posted: Sep 6, 2012 5:48:20 PM Ignore fenster66 Report Abuse ok....
us4usa Champion Author Missouri Posts:6,118 Points:1,136,670 Joined:May 2008	Message Posted: Sep 6, 2012 5:48:20 PM Ignore us4usa Report Abuse The more US oil the better... OPEC can KISS OFF...
MountedShooter Champion Author Georgia Posts:3,170 Points:766,170 Joined:Mar 2011	Message Posted: Sep 6, 2012 5:46:06 PM Ignore MountedShooter Report Abuse Ok.
unicornIL Veteran Author Chicago Posts:451 Points:393,570 Joined:Jan 2012	Message Posted: Sep 6, 2012 5:42:14 PM Ignore unicornIL Report Abuse ok
DustyHorse Champion Author Virginia Posts:6,214 Points:1,416,580 Joined:Oct 2008	Message Posted: Sep 6, 2012 5:42:05 PM Ignore DustyHorse Report Abuse How about a pipeline?
WinderGuy Champion Author Georgia Posts:2,960 Points:955,785 Joined:Mar 2008	Message Posted: Sep 6, 2012 5:41:04 PM Ignore WinderGuy Report Abuse ok
nru Champion Author Twin Cities Posts:1,945 Points:1,009,880 Joined:Feb 2006	Message Posted: Sep 6, 2012 5:40:42 PM Ignore nru Report Abuse cheapest way to ship freight, by a long shot - let's start supporting rail systems
Jeeputtputt Champion Author Ohio Posts:3,002 Points:677,465 Joined:Aug 2009	Message Posted: Sep 6, 2012 5:38:12 PM Ignore Jeeputtputt Report Abuse rr= more of your tax dollars..
N4PIP Champion Author Miami Posts:1,010 Points:444,305 Joined:Jan 2012	Message Posted: Sep 6, 2012 5:37:33 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.
itsjustme719 All-Star Author Hamilton Posts:612 Points:617,470 Joined:Dec 2010	Message Posted: Sep 6, 2012 5:34:02 PM Ignore itsjustme719 Report Abuse Okay.
evey315 Sophomore Author Ohio Posts:219 Points:214,860 Joined:Feb 2012	Message Posted: Sep 6, 2012 5:33:16 PM Ignore evey315 Report Abuse now know why pipeline will not be built
nimpy Champion Author Indianapolis Posts:8,265 Points:1,726,855 Joined:Oct 2007	Message Posted: Sep 6, 2012 5:31:43 PM Ignore nimpy Report Abuse I think this is so good
Canucktree Champion Author Alberta Posts:5,023 Points:1,046,915 Joined:Dec 2008	Message Posted: Sep 6, 2012 5:29:29 PM Ignore Canucktree Report Abuse Fast track, but going the wrong way.
bonzoonfmb Champion Author Florida Posts:1,817 Points:664,160 Joined:Feb 2010	Message Posted: Sep 6, 2012 5:28:39 PM Ignore bonzoonfmb Report Abuse Warren Buffett and Berkshire Hathaway know how to make money.
DCbeachbum Champion Author South Carolina Posts:2,667 Points:925,615 Joined:May 2010	Message Posted: Sep 6, 2012 5:27:32 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.
Yankee829 Champion Author Dallas Posts:2,344 Points:586,315 Joined:Sep 2010	Message Posted: Sep 6, 2012 5:25:38 PM Ignore Yankee829 Report Abuse Ok
TustinDad Champion Author Orange County Posts:4,377 Points:915,560 Joined:Feb 2008	Message Posted: Sep 6, 2012 5:25:30 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?
SandeeC Champion Author Ontario Posts:3,124 Points:476,535 Joined:Apr 2011	Message Posted: Sep 6, 2012 5:25:17 PM Ignore SandeeC Report Abuse Yeah, I hope so too OOXXFF.
EmperorsFinest Champion Author Chicago Posts:1,564 Points:340,870 Joined:Jul 2011	Message Posted: Sep 6, 2012 5:24:52 PM Ignore EmperorsFinest Report Abuse Good for them!
fhnorth Sophomore Author Nevada Posts:129 Points:26,590 Joined:Jul 2012	Message Posted: Sep 6, 2012 5:24:15 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!!!!
matthwbar Champion Author Toledo Posts:4,198 Points:1,044,530 Joined:Jun 2007	Message Posted: Sep 6, 2012 5:24:08 PM Ignore matthwbar Report Abuse Very nice...!
Ahking Champion Author Orange County Posts:3,599 Points:621,360 Joined:May 2011	Message Posted: Sep 6, 2012 5:24:07 PM Ignore Ahking Report Abuse They should profit from it as they venture into this situation. Good for them.
TustinDad Champion Author Orange County Posts:4,377 Points:915,560 Joined:Feb 2008	Message Posted: Sep 6, 2012 5:23:18 PM Ignore TustinDad Report Abuse OOXXFF wrote: "I hope the railroad owners are not using their monopoly to gouge." There is no monopoly.
Piggy1959 Sophomore Author Fort Worth Posts:181 Points:122,645 Joined:Aug 2012	Message Posted: Sep 6, 2012 5:23:04 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).
OOXXFF Champion Author Greensboro Posts:3,193 Points:1,105,905 Joined:Sep 2009	Message Posted: Sep 6, 2012 5:21:51 PM Ignore OOXXFF Report Abuse I hope the railroad owners are not using their monopoly to gouge.
abcdMA Champion Author Worcester Posts:8,052 Points:1,600,730 Joined:Nov 2008	Message Posted: Sep 6, 2012 5:20:41 PM Ignore abcdMA Report Abuse amazing how private industry is creating jobs
after10 Veteran Author Hamilton Posts:397 Points:53,540 Joined:Jul 2012	Message Posted: Sep 6, 2012 5:20:17 PM Ignore after10 Report Abuse yup lots of profits there how giving some back
jimbonator88 Sophomore Author California Posts:135 Points:29,350 Joined:Aug 2012	Message Posted: Sep 6, 2012 5:17:04 PM Ignore jimbonator88 Report Abuse fast track