Berkshire Hathaway Annual Shareholder Meetings (since 1994) cover image

2013-Morning Session-BRK Annual Shareholders Meeting

Berkshire Hathaway Annual Shareholder Meetings (since 1994)

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The Future of Oil and Coal by Rail

I have a couple questions about Burlington, Northern's two energy franchises, coal and crude. Given that coal-fired generation is in gradual structural decline, can you discuss whether the tracks, locomotives and other assets used to deliver coal can be redeployed equally profitable serving other customers or those assets fungible? Can you also discuss whether crude by rail can continue to grow even as pipelines are built to serve the Bakken)?

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