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Old 11-04-2009, 01:27 PM
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Warren Buffett Buys Union Pacific RR. Why?

Interesting purchase. Is he placing a large bet that the U.S. economy will turn around soon?

Railroads haul stuff from one point to another.

I wonder what RR company will get the contract to haul us off to the FEMA camps...
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Old 11-04-2009, 01:38 PM
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Oil at X$, where x is an unknown to me, = diesel fuel at $Y per gallon = rail delivery is cheaper than motor freight.

Or maybe he will get paid under this cap and trade malarky they are about to pass.
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Old 11-04-2009, 02:07 PM
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Buffett is no dummy. He sees how to make a profit somewhere in there.
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