ACEMAN

Buffett's Burlington Buy Is Really a Bet on China

Y'all got to understand that it makes no sense to go buy yourself a national railroad with aging rails and expensive to run railroad cars to deliver various types of coal be it thermal or slurry, hard or soft, utilities or steelmakers. where is the advantage to that theory, unless he intends to write down the whole shebang for one major balance sheet correction. No one in their right mind would do that, even if y'all wanted to save America by building confidence in an aging and aged infrastructure, it makes no sense. Until the Secy of the Interior gets religion on coal and oil shale, this admin is in cohoots with the environuts who wish to stifle any additional commercial mining, drilling where there is loads of coal, oil and precious metals.Go read the latest roadblocks induced by the paranoid and crazy new EIR's promulgated by Secy Salazar. Y'all don't know a thing about hard commodities if you think Robber Baron Buffett's deal is about coal. Coal has a purpose in its comercial use and that it lights up your homes as electricity. Buffett could have bought all the major producers in the US for the money he paid for BNI. The deal could be some sort of derivative play on the value of the land and the right of way of the rails and this can easily be leveraged, sliced and diced, and sold to Wall Street and then bankable as a credit pool and sold for its righjts as a long term bond. all sounds familiar, don't it? Now, I really need my beignet and coffee at the Cafe du Monde, NOLA.