Florida Governor sued over refusing high-speed rail

[dellinger63]

Originally Posted by Antitrust32

what I dont understand, if it such a good thing to do and invest the taxpayers money into... then why doesnt a private corporation want to build these high speed rail lines?

Warren Buffett looked at it and walked away faster than T. Boone Pickens did from his wind mills.

[Riot]

Originally Posted by dellinger63

Warren Buffett looked at it and walked away faster than T. Boone Pickens did from his wind mills.

Buffett loves rail. Thinks it's the future of the country. Bought Burlington Northern to transport coal. "It's an all-in wager on the economic future of the United States," said Buffett in a statement. "I love these bets."

Read Buffetts current shareholder letter this past weekend (you can find it on the Berkshire Hathaway website):

"The highlight of 2010 was our acquisition of Burlington Northern Santa Fe, a purchase that's working out even better than I expected.

"Railroads have major cost and environmental advantages over trucking. … Last year BNSF moved each ton of freight it carried a record 500 miles on a single gallon of diesel fuel. That's three times more fuel-efficient than trucking is, which means our railroad owns an important advantage in operating costs. Concurrently, our country gains because of reduced greenhouse emissions and a much smaller need for imported oil. When traffic travels by rail, society benefits."