Once this odd quest to outlaw oil exploration into oblivion is accomplished, the world will be left with few options.
Get it from unreliable, insane, extremely murderous places like Saudi Arabia.
Or easy going, non-threatening Canada.
Is this hard, or am I missing something?
Shale fracking is uneconomic at current prices, and is blamed for earthquakes and poisoned water,
Pipelines are no longer safe enough for the glorious, pristine American environment (..ha ha)
According to the so-called "28 pages", there is undisclosed evidence that America's pal, Saudi Arabia, aided and abetted the 9/11 terrorists 15 years ago.
So please remind me..... exactly how "terrible" are the oilsands?
There are far too many Ignorant, self-absorbed Americans seem to think that if only Farmer Pete and Juan Valdez would go out into their fields, pick the bugs off all their plants by hand, pray to the vegetable gods that no diseases will ever hit their fields, and them lovingly hand-pick their bountiful crop, the world will be SO happy and healthy!
Bayer should be working on a line of anti-stupid drugs. Huge market.
Matt Rose, BNSF:
"We still have a lot of headwinds, specifically as the commodity supercycle is really coming to a close. the strong dollar is a headwind. Certainly the coal business is a headwind...."
Headwinds. Such a handy word. It makes it sound as though, with just a little more energy expended, we'll still ultimately end where we intended. Just a bit more tired, and a little bit later.
Coal is not a headwind. It's a noose. One that is tightening around anyone who is in any way dependent on it.
The clown pumped UNP-CNI as a 'done deal' two weeks ago,....he's an utterly clueless putz.
The Ignore button is a fabulous, free feature. Works great.
...and if you wanted to see CSX transform into a merchandise intermodal player.....in no time flat......you recently had a gloriously riskless chance handed to you on a silver platter.
And your incompetent, clueless management said no. And you let them.
Empty suit and a complete fraud. He will set records for the money he makes on the speaking circuit, but at least the rubes in the audience will have paid him with their own money.
Sure., And which one of the two national retail pharmacy chains do you prefer, pal?
It is in deep shi+, and may cease to be unless it gets a lot of concessions from its lenders.
And Penn West is a far, FAR better run entity than Canadian OIlsands was.
You COS putzes really dodged a bullet, despite the inspired efforts of your "leaders".
A monopoly!? Why, whatever are you talking about?
In the past 6 months, I've heard from every corner of American politics and industry how NSC and CSX must each be preserved 'as is' to maintain the wonderfully competitive rail environment that serves the American economy with such superior efficacy.
......bwa ha ha ha ha ha ha ha ha ha
America is completely schizophrenic and unpredictable on merger policy, IMO.
One one hand, they quietly let Walgreens and CVC acquire their way to becoming a retail pharmaceutical duopoly.
Last I checked, Americans are pretty POed about how they get totally screwed on their meds.
On the other, the place goes insane at the thought of two freight railways joining end-to-end.
I can't think of another country in the world that doesn't have a trans-con railway..,,,ever since the late 18th century.
If you weren't just spewing rhetoric, you'd look at that fact and wonder..."why AREN'T those other companies ---- the "bigger ones" ---- being the instigators and acquirers here?
Try this on:
Lazy, unmotivated management teams who are being paid plenty to just punch the clock.
Their networks take whatever freight shows up. They just tell shareholders why its good or bad every quarter. Passive victims of the economy....now where's my cheque?
They won't get paid much more if they oversee an operation twice as big and complex.
ie 'no upside'
Acquisitions are all hard to succeed at, and take lots of time, effort and skill ..
ie 'lots of downside'
Unlocking shareholder value" is real in some industries...but railway CEO hasn't been one of them for the last 30 years.
Well, except in Canada, but no one noticed so it doesn't count..
Lastly, it takes a real overachiever and ambitious guy to see possibilities, reject the stuts quo, push for change against an entire system mired in mud, and indifference.....AND who happens to have the proven skills to make it work.
None of those other CEOs is even on the ballot.
Here's the critical message from Buffett.....he's just not saying it:
Now that there's no call on its cashflow whatsoever, BNSF has accelerated investing a HUGE amount of capex in the network, leaving the rest of this sham of an industry in its dust, and paving the way to a single-shipper dominance.
...while all you poor yutzes protest saving the executive jobs of a handful of myopic incompetents for a few extra years, before it becomes obvious that you've all sat idly by and watched BNSF eat your lunch and destroy whatever pseudo-competitive options that existed.
So congratulations. When the time is right for Warren, he might offer you a few sheckles for the routes, surplus equipment and scrap metal.
The age of the rail robber baron is returning....because people are plain stupid.
If it WAS a bottom (...I doubt it), anyone as smart as you should have loaded up on Suncor and every other oil name.
But you didn't.
In any case, getting rid of that layer of incompetent, worthless bloodsuckers was a very lucky break for you, and that would never have been consummated without the rout.