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"Railroads can't maintain pace of coal demand"

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[quote user="TheAntiGates"][quote user="futuremodal"][quote user="TheAntiGates"][quote user="futuremodal"] Then can we assume that you'd have no problem with one of the other Class I's (KCS, NS, CSX, CP, CN) getting into the PRB with the RRIF funding for that critical 3rd PRB player?[/quote]Without taking the time to make any detailed review of those railroad's financials, I'll give you a qualified  yes answer.[/quote]So it's size that matters to you?(snicker, snicker....) Then can we also assume that you'd have no problem with any non-railroad megacorporation partaking of the same deal?  ExxonMobile?  Duke Energy?  Royal Dutch Shell?Maybe even Microsoft?[swg][/quote]I'm sure you enjoyed that...but lets not confuse the reality that what might constitute a disability for one entity does not automatically approve all parties not suffering from that problem..situational factors will apply.I wouldn't say that the money should be loaned to...ENRON for instance, for reasons I'm sure you can appreciate. [/quote]Well, let's assume RRIF money had gone to ENRON, and they had started building a line into the PRB before the implosion.  Whatta ya think would happen to the line?  Do you think it would have been scrapped by the creditors?  Of course not.  The creditors would have taken it and sold it off to an interested party, who would have used it for much the same purpose, aka hauling coal out of the PRB.You see, although the stockholders of the "shaky" entity would suffer, the infrastructure itself is no worse for wear, and the creditors will get some value from the original loan.The whole point is to get new competitive capacity into the PRB ASAP before it's too late.  As long as someone somewhere is willing to take on the challenge, I say give 'em whatever they need to get it started.
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