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Is Warren Buffett's Railway Buy a Billion Dollar Bet on Big Coal?

Photo via DOE The initial reaction to news that the Oracle from Omaha was investing billions of dollars in BNSF railway was positive--Mike noted that it could lead to a number of positive developments: potentially more passenger rail lines, a higher profile for railroad transportation in general, and further investment in other rail lines from other finance big guns. But there's a downside to his purchase as well--the rail Buffett bought transports some 1/5th of America's coal. Is Buffett'....

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20 days ago

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