Hints and tips:
...The company has struggled recently to find what Mr Buffett calls “elephants”, the so-called mammoth deals such as BNSF, the railway, or NV Energy, the electric utility, that formed the core of present-day...
...Utility coal for power stations — which has suffered from low natural gas prices — declined only 10 per cent....
...While Mr Buffett’s Berkshire Hathaway has benefited from the oil boom through its BNSF railway and its tanker business, it has steered clear of taking large stakes in shale production companies....
...As the price differential between inland and coastal oil markets narrows, railways and logistics companies are reporting falling traffic on the lines connecting oilfields to refineries....
...Related links: Berkshire’s BNSF Railway to Test Switch to Natural Gas – WSJ Oil demand is set to fall in the age of gas – FT When the US government says your next car will run on biofuel, don’t take it too...
...BNSF Railway, a subsidiary of Berkshire Hathaway, and one of the biggest users of diesel fuel in the US, earlier this year said it would test using natural gas to power its locomotives....
...Some railways expect the change to be permanent....
...The traffic – along with the longer established business of shipping the fracking sand used in oil and gas wells – is helping railways counteract the depressing effect of shale gas on demand for coal, once...
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