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Canadian National Railway Company Message Board

smokedlobster 6 posts  |  Last Activity: Jul 9, 2016 6:50 PM Member since: Dec 17, 2005
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  • Reply to

    Three Years after Lac Megantic.....

    by smokedlobster Jul 8, 2016 9:21 PM
    smokedlobster smokedlobster Jul 9, 2016 6:50 PM Flag

    ..and I guess the 'Winners' list should be expanded too.

    The Town of Lac Megantic.

    Which received about $500 million in coerced guilt money from every deep pocket the Canadian government could find.
    (Funny how efficient and focused government can be when it wants to cover its own has and cover its tracks....)

    And after all that loot, spent on amenities that dying, dismal little place could never have dreamed of before, there are people there demanding that the tracks be rebuilt to BYPASS the town completely...I kid you not.

    The more given, the more demanded....Unions live by it. And of all places, Quebec does not need any coaxing.

  • A pretty good list of "Winners and Losers", per David Thomas.

    -----------------------------
    "Losers:

    • The honor of rail and hazmat regulators and elected politicians in Canada and the U.S., for their utter failure to address the known root cause of oil train explosions.

    • The railroads, for allowing themselves to be painted as perpetrators of oil train explosions, instead of victims, forced by law, to haul demonstrably unsafe cargo in inadequate conveyances.

    • Three lowly railroad operating employees facing criminal charges for the consequences of following company rules against setting automatic train brakes on a train, left unattended, with the engine running on a downhill grade.

    • The sanctity of human life, for losing out to profit margin in the cost-benefit analysis of shipping incidentally (or in the case of bitumen, intentionally) contaminated crude.

    Winners:

    • The American Petroleum Institute, for convincing its well-paid legion of political hacks to blame tank cars and track bolts, instead of weaponized crude oil.

    • Current and former Transport Canada executives, who escaped public identification and accountability for the still-unexplained exemption of a decrepit railroad from crewing requirements that apply to other railroads.

    • Canada’s Transportation Safety Board, for continuing to survive as an investigative body, while defending its continuing failure to recommend that automatic train brakes be set when parking an unattended hazmat consist on a downhill grade—even when its Lac-Mégantic investigation concluded that setting such brakes would, very probably, have prevented the catastrophe."
    --------------------------------------------------------

    I would have added one more to his list of Losers:

    The Canadian taxpayer, who is on the hook for directly paying $75 million into the Town's 'hush-money' collection, as well as the salaries and benefits of Transport Canada executves that should not only be unemployed, but in jail.

  • smokedlobster by smokedlobster Jul 6, 2016 8:16 PM Flag

    Fred signed a 10 year contract in 2010 to haul Teck's coal for almost no profit...to fend off Bill Ackman. Lacking that "quid pro quo" arrangememt (Teck was the 'major client of record' that stood firmly behind CPs exising management in the proxy fight against Ackman.....Hunh. What were the odds?) , Teck might very well nit have survived this China meltdown.

    And CP has achieved all the improvement it has in the past 3 years DESPITE having to honor that idiotic,value-destroying contract.

    LIke running the marathon carrying a boulder. And still winning.

    Note that Teck's coal is met coal....not thermal coal. It goes into steel making, not thermal electrical generation. That latter one is the filthy, poisonous and future-lacking American coal.
    Dead.

    But hey.... coal is coal, right? Ummmm. No, geniuses.

    CP has far less portfolio exposure to coal than NS. And it is to the FAR better of the two kinds, terrible as they both are moving forward.

    So sock on that and wait for Q2 results...especially the idiotic flightless putz.

  • Reply to

    I don't 'get' today's NSC action at all......

    by smokedlobster Jun 24, 2016 4:19 PM
    smokedlobster smokedlobster Jul 5, 2016 12:56 PM Flag

    Yup. When people realize that canal is now wider, there's gonna be a big gap up.
    For sure.

  • Reply to

    FWIW....

    by smokedlobster Oct 14, 2015 11:50 AM
    smokedlobster smokedlobster Jul 4, 2016 8:27 PM Flag

    Well, the silver rally has been MUCH more improessive than oil, so congrats on that decision and use of funds.

  • Reply to

    $15 billion

    by smokedlobster Jun 29, 2016 12:54 AM
    smokedlobster smokedlobster Jul 1, 2016 12:23 PM Flag

    Obama pays for an illegal blocking of free market investment in the US under NAFTA..

    You should be demanding that his government is charged for envirnomental terrorism, for currently and directly sponsoring the building of a Trans-Africa oil pipeline project.

    If pipelines are so hazradous and unsafe for Americans, how are they safe and secure for Africans, Barry?

    Hypocrisy, thy name is 'murica.
    Zappo.

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