Don’t worry, just a little bump - $70 is just around the corner. Short traders just keep making those margin calls, mortgage the house if you have to. Fortunes await you! PO is for pansies and doomers. At $70 short some more ..... it is going back to $22 .... the world is awash with oil ........ reality has nothing to do with it, its all in those charts!!!!!!!!!!
Posted: Thu Jun 12, 2008 12:17 pm Post subject: Re: [Transportation] Trains (was - The Future of Railroads)
joelcolorado wrote:
The cost for new rail lines is not going to make expansion possible. With regulations, buying right of ways, bridges, crossings and lack of that amount of capital not to mention the environmental regs, it wont happen.
So, what you are saying is, here we are in the 21st century and we can't seem to afford to accomplish what people could two centuries ago? Relatively speaking, inflation adjusted, the cost of steel and installation of tracks and switches should be less than it was back then. For sure, land is higher in cost, but then how can you explain that it seems fairly easy to add and expand major roads, which use even more land?
Posted: Thu Jun 12, 2008 12:43 pm Post subject: Re: [Transportation] Trains (was - The Future of Railroads)
joelcolorado wrote:
The cost for new rail lines is not going to make expansion possible. With regulations, buying right of ways, bridges, crossings and lack of that amount of capital not to mention the environmental regs, it wont happen.
Regulations of all kinds will be out the window soon, not long after the economy we know summons its last death throes.
Procuring rights-of-way is also not a problem, as they already exist in the form of interstate highways, and where they do not, there is already great precedent in using eminent domain to condemn land to build transportation facilities.
Your comment about a lack of capital to accomplish much might well be the nail in the coffin, though. _________________ "It's called the American Dream because you'd have to be asleep to believe it."
Posted: Thu Jun 12, 2008 8:27 pm Post subject: Re: [Transportation] Trains (was - The Future of Railroads)
When the railroads were built, many of the majors were given every other section of land back ten miles from the track by the govt for putting in the track. A section is 640 acres which the RR sold to farmers and kept the mineral rights too. CAN YOU FIGURE out how much money that has meant to the RR. And how they got the capital to build the rail lines. THere were no roads to worry bout, no gates on the crossings, no environmental whack jobs, no cities to dodge or go thru, and less govt interference.
Posted: Fri Jun 13, 2008 8:26 am Post subject: Re: [Transportation] Trains (was - The Future of Railroads)
Yep, JoelC, it was a huge subsidy for the railroads on behalf of the U.S. government. However, it provided access to distant land that had little to no value until it had access so, in essence, the railroads created the value in it.
As you mentioned, it would be several orders of magnitude more difficult to attempt expanding the rail networks now. Land ownership is simply too fragmented and dispersed. _________________ "It's called the American Dream because you'd have to be asleep to believe it."
Posted: Fri Jun 13, 2008 8:39 am Post subject: Re: [Transportation] Trains (was - The Future of Railroads)
All the railroads want now is long haul freight like coast to coast containers and coal. The grain business is so expensive for the elevators that they have had to build 100 car loading facilities to get a better rate. Those cars have to be loaded in 16 hours from the time of the spot.
We used to stop at 21 stations for grain, molasses, beans, fertilizer, farm equipment, cotton, scrap iron, and other commodities. The railroad has made it too expensive for the smaller shipper to use and often times the switches to the places are taken out to save on taxes.
Posted: Fri Jun 13, 2008 8:51 am Post subject: Re: [Transportation] Trains (was - The Future of Railroads)
I wonder if the trend towards consolidation will continue much longer. It seems to me there is a definite market for the emergence of smaller co-op or locally owned railroads to haul grains to market, but that could be wishful thinking. _________________ "It's called the American Dream because you'd have to be asleep to believe it."
Posted: Fri Jun 13, 2008 8:58 am Post subject: Re: [Transportation] Trains (was - The Future of Railroads)
My brotherinlaw was an agent back when. The railroads paid the shippers the difference between rail costs and truck freight. Then 5 to 10 yrs later, when they wanted to abandon those smaller lines, and had to go before congress, they could show NO CARS SHIPPED for all those years. Testimony about the deal with the trucks was not allowed. HMMMMMMM..robber barons...
The cost to build, maintain and run a small railroad is cost prohibitive. Locomotives, maintenance, crews, taxes, it wont work.
Most of the smaller railroads are owned by the big railroads under another name or by their CEO;s or their wives. So not like its just available to anyone to do. All the smaller lines were scrapped, rail taken up and ballast removed. Our main line was taken out after new rail was installed, all new ties were put in and new ballast dumped. So its all a game.
Posted: Fri Jun 13, 2008 9:03 am Post subject: Re: [Transportation] Trains (was - The Future of Railroads)
Interesting. It doesn't paint the prettiest of post-peak pictures for those in the interior of the U.S. _________________ "It's called the American Dream because you'd have to be asleep to believe it."
Posted: Fri Jun 13, 2008 9:10 am Post subject: Re: [Transportation] Trains (was - The Future of Railroads)
That is correct. Public rail service will not be available to ppl in the plains states due to low populations. Really, we are hit harder than ppl in the city on gas prices as our towns are 60 miles apart and often, there are no grocery stores in some towns requiring ppl to travel to get supplies, etc. Or to work. Even the utility workers have to drive so much as they have hundreds of miles of wire to maintain but that is over thousands of square miles.
The Railroads used to have a section gang in each town. Now there is one gang of 5 workers for 500 miles of track. So the track is going downhill. for sure.
Posted: Sat Jun 14, 2008 3:50 am Post subject: Re: [Transportation] Trains (was - The Future of Railroads)
Railroads of the future. A dreamer in Iceland, Trausti Valsson, has envisioned vacuum tubes carrying trains in the far north, ferrying people from Beijing to Berlin to Chicago. See his map here:
Posted: Sat Jun 21, 2008 1:41 pm Post subject: Re: [Transportation] Trains (was - The Future of Railroads)
I've noticed that they are fixing up a lot of the lines around here. They put new ties in and even fixed up a bridge over the Kennebec River. They are expanding back into some territory they haven't gone into for almost 100 years. Guilford rail needed to get to a gravel quarry to rebuild the tracks I guess.
Railroads are back. They are taking a lot of wood to the mills. It's way cheaper on the train than in trucks.
Now if we can get passenger rail back to Augusta, or even to Waterville we would be getting somewhere! _________________ Deep in the mud and slime of things, even there, something sings.
Joined: Dec 27, 2004 Posts: 11880 Location: zombie horde wonderland
Posted: Sat Jun 21, 2008 1:46 pm Post subject: Re: [Transportation] Trains (was - The Future of Railroads)
Thank goodness they had the presence of mind to keep the old lines in your area, Revi. Here they are mostly sold off. The train is gone and it ain't comin' back. _________________ "...powerdown so soft and fluffy you'll think you're living in a pillow..." - jboogy
Biden "one of my very best friends," says much of their friendship was forged through those long Amtrak rides.
"Some mornings he would ride down on the train and literally buy the entire car and conductors coffee," says Claire DeMatteis, who worked for Biden for 10 years and sometimes rode the train with him. He'd get up and say, " 'Anybody want coffee?' And anybody who wanted got coffee."
He talks to passengers. He talks to the folks who take his tickets. He talks policy and family and everything in between. If he's waiting for a train, he talks to the folks at the ticket counter and to the shoeshine guy and the redcap guy and to Johnson, the newsstand cashier -- which is why, when Johnson found out Joe was joining Obama's ticket, she called her mother to brag about "my friend."
He throws parties for retiring conductors, and once had a crewman serenaded by bagpipes. For Biden's first day back at work following two operations for brain aneurysms in 1988, he took the train, naturally. "The engineer saluted him with a longer-than-usual toot of the train's whistle," UPI reported at the time.
"He used to have a picnic at his house for the train crews," says Rep. Rush Holt (D-N.J.), another frequent Amtraker.
Posted: Wed Aug 27, 2008 11:57 am Post subject: Re: [Transportation] Trains (was - The Future of Railroads)
This is a definite plus for the passenger rail movement. _________________ "It's called the American Dream because you'd have to be asleep to believe it."
You cannot post new topics in this forum You cannot reply to topics in this forum You cannot edit your posts in this forum You cannot delete your posts in this forum You cannot vote in polls in this forum