jeffhergert Back in the steam era, some railroads owned their own coal companies to supply their needs.
Back in the steam era, some railroads owned their own coal companies to supply their needs.
Even thought they don't own it outright, doesn't Amtrak still have its own dedicated hydroelectric plant to supply the Northeast Corridor?
Greetings from Alberta
-an Articulate Malcontent
SD70Dude jeffhergert Back in the steam era, some railroads owned their own coal companies to supply their needs. Even thought they don't own it outright, doesn't Amtrak still have its own dedicated hydroelectric plant to supply the Northeast Corridor?
Unless they sold it, they have the ex-PRR generating station near Safe Harbor, PA, and they had the transmission lines. They also buy commercial power, and phase-convert it to 25 cycle.
Flintlock76Buying into a business isn't a good idea unless you understand how it works. Delta most likely found out owning a refinery wasn't the advantage they thought it was going to be.
Delta most likely found out owning a refinery wasn't the advantage they thought it was going to be.
Truth in this statement. Business owners learned the hard way to focus on what they know best. Even within an industry sucessful businesses focus their efforts on specific products and markets.
The only way owning a refinery might be beneficial is if the market is being manipulated but despite conspiracy theories to the contrary, no one has ever found this to be the case at a systemic level. The cost and disruption of owning something outside your area of expertise far outweighs the limited benefits.
Petroleum markets manipulated? Surely you jest!
Never too old to have a happy childhood!
The one reason I'd like to see oil/gas demand dry up. To see OPEC fall apart.
I can tell you this much from my industry view. We're approaching a breaking point on fuel prices that well let's just say that if it gets much worse this nation may see the collapse of the entire OTR industry. Even with fuel surcharges the increase in prices is faster than our customers pay for the freight delivery services. I'm hearing rumors of major lines heading for bankruptcy in a hurry places that have been in business for decades. Companies like Heartland Werner US Xpress Covenant and other large 1000 plus truck fleets are having massive problems. If they're having issues it's 20x worse for the smaller guys that are the bread and butter of this industry.
Gramp The one reason I'd like to see oil/gas demand dry up. To see OPEC fall apart.
As I recall, we weren't buying anything from OPEC not too long ago.
How's that electric car looking?
Larry Resident Microferroequinologist (at least at my house) Everyone goes home; Safety begins with you My Opinion. Standard Disclaimers Apply. No Expiration Date Come ride the rails with me! There's one thing about humility - the moment you think you've got it, you've lost it...
tree68 Gramp The one reason I'd like to see oil/gas demand dry up. To see OPEC fall apart. As I recall, we weren't buying anything from OPEC not too long ago. How's that electric car looking?
Won't see me buying one. We *are* looking at going with one vehicle this coming September.
The President today said the USA was going through an "incredible transition" away from fossil fules. That sounds to me what is now happening and going to happen with gas, oil, diesel, and heating oil fits in with his plans. I suspect he intends to carry out his intentions no matter what happens.
I also suspect his border policy is also intentional based upon what my friends (two in Border Patrol and one in Customs) have been telling me.
I can't believe he doesn't realize all the pain this is going to cause those that are less than rich in the USA but apparently he is determined in what he wants to accomplish.
tree68How's that electric car looking?
Probably not so good.
Folks that don't like paying $4.50 to $5.00 for a gallon of gas aren't likely to believe the solution to the problem is $40,000 electric car.
Until the manufacturers agree on specs that allow for a relatively quick exchange of batteries, electric cars will be tied to their home base due to the length of time required for recharging.
40k will get you a used one right now. New is around 55k. Then you need a better charging system at your home for another 3 to 5 grand. Your looking at well over a grand a month for a car payment. Sorry most lower middle class people can't afford that. Rents are higher than ever. A 3 bedroom around here is over a grand a month.
This should tell you how bad it's getting. My boss was just bought out not for his customer base but for the fact he has fuel hedged for it was 4 years but the oil company has screamed force majorue and made it 2 years locked in prices. He got bought out for that reason alone for 50 percent more than the carrier was worth we think as he swore he'd never sell for less than that. Some place out of Canada bought us and another Illinois bulk hauler called A&R and merged us into Quantix.
CSSHEGEWISCHUntil the manufacturers agree on specs that allow for a relatively quick exchange of batteries
Speaking of which, does anyone know what the plans are for dealing with worn-out electric car batteries? Can they be recycled or are they likely to end up in landfills?
I'm asking seriously by the way, I'm not trying to be a wise-guy.
Flintlock76Speaking of which, does anyone know what the plans are for dealing with worn-out electric car batteries? Can they be recycled or are they likely to end up in landfills?
One of many unacknowledged elephants in the room...
Flintlock76does anyone know what the plans are for dealing with worn-out electric car batteries?
That was the cause of that fire in Morris IL a while back. A company that was going to redo car battery packs along with other lithium battery packs. Well 25 tons of their inventory decided that it needed to go up in flames. RPS better have one hell of a good legal team especially in CA as that place will need it.
Tesla don't make farm equipment. Or construction equipment. Or aircraft.
alphasThe President today said the USA was going through an "incredible transition" away from fossil fules. That sounds to me what is now happening and going to happen with gas, oil, diesel, and heating oil fits in with his plans. I suspect he intends to carry out his intentions no matter what happens.
The "incredible transition" is going to be for everybody to do with less.
CSSHEGEWISCH Until the manufacturers agree on specs that allow for a relatively quick exchange of batteries, electric cars will be tied to their home base due to the length of time required for recharging.
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