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Buffett's Railroad Buy Is a (Smart) Bet on Coal

Growth in US economy will boost electricity demand

By Nick McMaster,  Newser Staff

Posted Nov 3, 2009 5:56 PM CST

(Newser) – Berkshire Hathaway’s acquisition of railroad operator Burlington North Santa Fe is really a "huge bet" by Warren Buffett on the coal industry, writes Steve Gelsi. Burlington hauls more coal than anything else, and the material accounted for a quarter of its third-quarter revenue....   Read full story »

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