Warren Buffett's Train Set

Just in time for Christmas, Warren Buffett bought himself a railroad. Burlington Northern Santa Fe, a legendary rail line that helped "open up" The Grand Canyon and now provides freight hauling services throughout the country. One of BNSF's major customers are the coal fields of Wyoming and the great ports on the West Coast. This is a bold move by Buffett, who tends to acquire companies and hold onto them for a long time rather than churn for immediate shareholder profits.

It's also, Buffett said in his press release, a statement on his bullishness about the American economy.

Perhaps. But he is also obligated to make money for his shareholders and as we begin our national conversation about how we can change our lifestyles to slow down the rate of anthropogenic enhancements to global climate change, rail transportation will begin to figure prominently into the discussions about movements of goods and services. Trains are much more efficient at hauling freight than trucks, at least for long distances.

Some commentators have said this acquisition is about real estate. A number of years ago, Burlington Northern shed it's real estate division, Plum Creek, and the Santa Fe lines also did not have extensive holdings in the checkerboard lands deeded by the Federal Government in the late 1800s as a subsidy to the railroads for their expansions across the continent.

No, this is about wheels, rails, and locomotives.

Pretty cool train set.

Global Warming, Inc

I've had a love/hate relationship with Al Gore that stems back to the 1980s. Earth in the Balance was in many ways a phenomenal book, but it's optimism in technological solutions for disastrous environmental problems bothered me. There was no critical thinking about the environmental problems caused by technology.

And while I admire his emphatic and seemingly no-nonsense warnings about global climate change in Inconvenient Truth, I've always thought Tipper and he were a bit disingenuous promoting change in our life styles when their life style was rather, in my opinion, extravagant. I mean, how large of a house does one need, and I don't care if it's powered by coal, solar, or windmill. It's about consumption.

Plus, a little known fact about Gore, until today's article in the New York Times, is that he invests heavily in the technologies that he promotes will "save us" from global warming.

One of those technologies, smart meters, just received a huge grant from the Federal government. Metering of utilities has been around for a long time. It's one of the ways utilities figure out how much you owe them for water, natural gas, electricity. Smart meters are being sold to the public as a way for the consumer to determine when they are not using as much energy so they can spread their consumption around toward "off hours." But really, smart meters are a form of, well, er, intrusion. Currently, appliance manufacturers are installing in new appliances the ability for the appliance to "talk" with the electrical grid. The result of the "conversation," will be when your appliance turns on, for instance, when the dishwasher will operate. You wil no longer be able to just push the button. Smart meters will be able to tell the utility and frankly, at the risk of being paranoid, other agencies such as law enforcement, exactly when and how you're using energy.

Stop those indoor pot growers!

But seriously, it's a lot more intrusion than we are accustom.

But more importantly, Al Gore is making a lot of money off of his global warming warnings. Is that a good thing? What concerns me is his lack of, to use the over used word, transparency, on this. It's not like he stands up in his movie, or his speeches, gives his Power Point presentation, and then says: Oh, by the way, I've invested money and stand to make a lot of money in the very technologies I am advocating we all adopt.

Hmmm. Seems like a little bit of a conflict of interest to me.