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2013-01-02 Economy
Why did a Train Carrying Biofuel Cross the Border 24 Times and Never Unload?
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Posted by tipper 2013-01-02 17:37|| E-Mail|| Front Page|| [249 views ]  Top

#1 OOH, wow. Mega stupids.
Posted by tfsm sorta on the road 2013-01-02 19:02||   2013-01-02 19:02|| Front Page Top

#2 CN Rail, the operator of the train, stated their innocence in the matter as they had only "received shipping directions from the customer, which, under law, it has an obligation to meet. CN discharged its obligations with respect to those movements in strict compliance with its obligations as a common carrier, and was compensated accordingly." Even so, they still managed to earn C$2.6 million in shipping fees.


CN recently changed management and its board of directors after a proxy battle. The new CN regime is more 'aggressively earnings oriented'.

Obviously.
Posted by Pappy 2013-01-02 20:25||   2013-01-02 20:25|| Front Page Top

#3 Q: "Why did the train....cross the border...?"
A: Because they were non-union and the non-flying egg-laying poulty local had all the roads under a no-compete contract.
Posted by USN,Ret. 2013-01-02 22:21||   2013-01-02 22:21|| Front Page Top

#4 The companies "made several million dollars importing and exporting the fuel to exploit a loophole in a U.S. green energy program."

Not mega-stupid at all. Just playing the game - according to the foo'ed up rules some bureaucrats/legislators set up. Enron did the same thing in California, selling power across the state border and buying it back.
Posted by SteveS 2013-01-02 22:50||   2013-01-02 22:50|| Front Page Top

#5 If you read the article - each time the train crossed the border it generated energy credits in the EPA which they can sell to companies who don't make the arbitrary EPA limits.

Money for nothing.
Posted by CrazyFool 2013-01-02 22:53||   2013-01-02 22:53|| Front Page Top

23:20 DarthVader
23:18 Zhang Fei
22:53 CrazyFool
22:50 SteveS
22:47 JosephMendiola
22:45 tipper
22:43 Uncle Phester
22:40 USN,Ret.
22:34 JosephMendiola
22:31 USN,Ret.
22:29 Uncle Phester
22:27 JosephMendiola
22:21 USN,Ret.
22:11 USN,Ret.
22:08 Redneck Jim
21:45 Slusorong Bonaparte9215
21:41 gromky
20:29 JosephMendiola
20:25 Pappy
20:18 Barbara
20:16 Barbara
20:14 JosephMendiola
20:13 Lone Ranger
20:11 JosephMendiola

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