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[quote]QUOTE: Originally posted by Old Timer Well, we've used up eight pages of this thread proving nothing. Those seeking to impress us with their thermodynamic and/or mechanical expertise have yet to prove that there was a technology in place in the 1950s that would make a steam locomotive more profitable than a diesel, or more specifically, make steam propulsion more profitable. Those seeking to revise history by utilizing the works of previous would-be revisionist historians to prove that the railroads were overburdened by the cost of financing their diesel purchases have yet to point to any railroad bankruptcy that was directly attributable to the purchases of diesels. Oh, a couple of railroads went bankrupt in the early post-steam era, notably the NYO&W and the PC, but both of those were on the way to bankruptcy anyhow. Their failures can't be blamed on dieselization. I guess what I'm saying is that this is getting tiresome. Can we do something else for a change? Old Timer [/quote] This thread is about Steam vs Diesel, if it is getting tiresome for you, don't read it. The facts laid out in this thread suggest that the debt accumulation that resulted from massive dieseliztion, during which perfectly good steam locomotives with years of servicability left were scrapped, had a direct correlation with the railroad industry's ROI falling by half, and no other event has as close of a correlation with this reduction in ROI. Such a fact may be tiresome for you (or perhaps troubling to you in that it erodes your established view of rail history), but it is there nonetheless. Most of us find this analysis enlightening. However, if you have any facts or opinions on the subject that you feel need to be extolled, by all means share them, because that's what this forum is all about.
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