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Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?

To: Bearcatbob who wrote (9598)	2/17/2012 3:09:58 PM
From: d[-_-]b	Read Replies (1) \| Respond to of 85487

I believe that is no longer true You would be wrong - cnbc.com In fact refineries are closing because of low profitability. Due to EPA regulations. Additionally we have a limited crude distribution system Pipeline would have fixed that as is we use rail systems and Warren Buffett loves that since he's a big rail owner. You don't think Warren asked odumbo to stop the pipeline do you? cnbc.com “Railroads have become more reliable," says Keith Schoonmaker, a senior equity analyst at Morningstar. "And they’re better inventory managers.” Warren Buffett, among others, saw that train coming. In late 2009, Buffett's Berkshire Hathaway [BRK'A 119300.00 960.00 (+0.81%) ] culminated its move into railroad stocks by acquiring Burlington Northern-Santa Fe Railway for $34 billion. What he saw were strong fundamentals: lush cash flow, high barriers to entry and predictable growth. Railroad revenue growth should exceed that of U.S. GDP for the next three to six years, says Arthur Hatfield, a transportation analyst at Morgan Keegan. “We like the industry as a whole,” he says. “All management teams are doing a good job.”