[rdberg1957]

I am reluctant, but I am beginning to believe that nuclear power will have to be a portion of a partial solution. We may not find any complete solution to the twin problems of peak oil and climate change. Even if we powerdown, use all alternatives, become efficient as possible, the human race may decline precipitously in numbers due to overshoot.

That doesn't mean we shouldn't make efforts to move in the best direction we can--and revitalization of electrified freight and passenger rail is a good direction.

[seahorse]

Look for some Canadian railroad stocks, sorry, can't remember the names right now

[Plantagenet]

$this->bbcode_second_pass_quote('rdberg1957', ' ')revitalization of electrified freight and passenger rail is a good direction.

[Elan_Rasa]

Look at Canadian National Railway (something like this). It's gone up from about 8$ per share to about 50$ (I think in about a year). Most railway stocks are doing pretty well.

[Merlin]

$this->bbcode_second_pass_quote('Elan_Rasa', 'L')ook at Canadian National Railway (something like this). It's gone up from about 8$ per share to about 50$ (I think in about a year). Most railway stocks are doing pretty well.

[TommyJefferson]

I've been cruising some railroad discussion forums. Those workers are doing well. I would advise a young man to look into a career in that sector.

[Ferretlover]

"Applauding" the Outcome, If Not the Motivation, as Warren Buffett Sheds PetroChina Stake
A group that's been urging Warren Buffett to divest Berkshire Hathaway's PetroChina holdings is "applauding" today, even if it might not like Buffett's stated reason for selling the entire stake.
Buffett told FBN yesterday that it was "100 percent a decision based on valuation." That is, the stock price had gone up so much, so fast, that it had gotten ahead of the company's true value, greatly increasing the risk of a nasty pullback. …
Petro China Stake

[roccman]

$this->bbcode_second_pass_quote('TommyJefferson', 'I')'ve been cruising some railroad discussion forums. Those workers are doing well. I would advise a young man to look into a career in that sector.

[TommyJefferson]

I'm sorry I do not. You'll have to Google around.

As I recall, they were easy to find, but somewhat cliqueish.

[Denny]

Canadian Pacific Railway is another Canadian railway, but has the majority of its business in Canada. 4,700 miles of its track are in the U.S. out of 13,600 miles in total.

It trades on the New York Exchange (symbol "CP") and has a P/E ratio of 16. Here is s snippet about them:

"From the Company's inception 125 years ago, it has developed into a fully-integrated and technologically advanced Class 1 railway providing rail and intermodal freight transportation services over a 13,600-mile network serving the principal business centres of Canada, from Montreal, Quebec, to Vancouver, B.C., and the U.S. Midwest and Northeast regions. The Company owns approximately 9,300 miles of track. An additional 4,300 miles of track are jointly owned, leased or operated under trackage rights. Of the total mileage operated, approximately 6,650 miles are located in western Canada, 2,200 miles in eastern Canada, 3,250 miles in the U.S. Midwest and 1,500 miles in the U.S. Northeast. The Company's business is based on funnelling railway traffic from feeder lines and connectors, including secondary and branch lines, onto its high-density mainline railway network. It has extended its network reach by establishing alliances and connections with other major Class 1 railways in North America, which allow it to provide competitive services and access to markets across North America beyond its own rail network. It also provides service to markets in Europe and the Pacific Rim through direct access to the Port of Montreal, Quebec, and the Port of Vancouver, respectively."

[Cloud9]

In the slide, if we slip past the 20th century and fall into the 19th, rail roads will tie it all together. Mr. Buffet will be the J.P. Morgan of the of the new age.

[JBinKC]

Actually he has reduced his stake in the RRs in his new reporting period and have been buying selected financials.

[Gandalf_the_White]

Warren is a shrewd man but even he should be watching that investment closely, the profitability window is probably going to be intermittent.

[Denny]

Today's New York Times has a few interesting overviews, sating that Amnerica is for intents on sale at fire sale prices, due to the combination of the dollar slide and the stock market drop. In this article by Maureen Dowd, she quotes Warren Buffett as saying "We are giving ourselves a party to feed our appetite for oil and imported goods and paying for it by selling off the furniture, our most precious assets."

Maureen has some other observations on the apprent impotence of George Bush, "n Abu Dhabi, he marveled at the royal family’s plans to build a city based entirely upon renewable energy. “Amazing, isn’t it?” W. said. You know you’re in trouble when your Middle East oil pump is greener than you are.

Even as W. played cheerleader for Arab business, the Arabs were cleaning our clocks — then buying them. Our addiction to oil has allowed our pushers in the Persian Gulf to go on a shopping spree to snap us up.'
The New York Times also has another article, detailing just how much foreign investment is coming in and buying up so much of America's assets. See Overseas Investors Buy Aggressively in U.S.

"For much of the world, the United States is now on sale at discount prices. With credit tight, unemployment growing and worries mounting about a potential recession, American business and government leaders are courting foreign money to keep the economy growing. Foreign investors are buying aggressively, taking advantage of American duress and a weak dollar to snap up what many see as bargains, while making inroads to the world’s largest market.
It is very curious how the stock market is falling, all the while the U.S. dollar has slumped such that the real underying asset value of of these companies is such a deal. The reality is that the U.S. stock markets have not been in a bubble state as we seem to entering a real rough era in stock prices. Outside of the the high fliers like Google and RIM, most companies have very moderate price to earnings ratios, a much better deal than 2000 or most previous large market downturns.

[pup55]

$this->bbcode_second_pass_quote('', 'F')oreign investors are buying aggressively, taking advantage of American duress and a weak dollar to snap up what many see as bargains

[americandream]

Lol....amusing logic.
You Americans develop a ravenous appetite for consumption, you emgorge yourselves into national bankruptcy and then blame those you go with begging bowls to for bailing you out!
Now you have reached unprecedented depths of delusion as a nation!

[Tanada]

WB is a shark, he sponsers tax laws that will destroy small bussinesses and then when his pets in DC pass them he gobbles up the bussiness destroyed by the new law at a fraction of their pre law market value

[Concerned]

$this->bbcode_second_pass_quote('americandream', 'L')ol....amusing logic.
You Americans develop a ravenous appetite for consumption, you emgorge yourselves into national bankruptcy and then blame those you go with begging bowls to for bailing you out!
Now you have reached unprecedented depths of delusion as a nation!

[RdSnt]

Ah, actually no, the purchases will make it much easier for them to pull the plug. They are rapidly converting their funny-money American dollar reserves into real assets.
$this->bbcode_second_pass_quote('pup55', '')$this->bbcode_second_pass_quote('', 'F')oreign investors are buying aggressively, taking advantage of American duress and a weak dollar to snap up what many see as bargains

[seahorse]

If the world financial system doesn't collapse, the ME and East will buy up all our really cheap assets, the only ones with any real value like our coal, NG, oil, steel, etc. They will continue to grow their GDPs in the age of plateau oil by reducing our GDP and our oil consumption, depress our economy, and by our resources all at the same time. That is, if they can decouple from our banking crisis. We shall see.