2017-Morning Session-BRK Annual Shareholders Meeting
Berkshire Hathaway Annual Shareholder Meetings (since 1994)
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Is the Coal Industry Going Down?
BNSF's coal shipments accounted for just 18% of volume and revenue last year, down from an average of 24% the previous 10 years. While 90% of U.S. coal consumption is driven by electric generation, natural gas has been both cheaper and cleaner burning. BNSF currently handles some export shipments going through Canada's Pacific Coast ports but will there be enough growth there to offset domestic demand?
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