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Trannies Tumble: Erase All Post-FOMC Gains
Spot the odd one out...
Driven by a major plunge in KSU (after its energy-based lower outlook headlines), which drags UNP and NSC lower, Dow Transports have plunged and erased all post-FOMC gains... (KSU -57 TRAN Pts, UNP -27 TRAN Pts, NS -20 TRAN Pts)
Who could have seen this coming? Certainly not CSX CEO...
...rail freight transportation company CSX's CEO Michael Ward stated
'unequivocally' that as far as the movement of crude by rail he has "not seen any changes," suggesting everything's fine down to $30-35 oil and "expected no impact on crude shipments."
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Obama [& Bruce Jenner] will not be pleased to hear this...
Awfully quiet out there....
too quiet....
Hard to speak with a dick in your mouth...
i hope you are not predjucied against trannies !
Me??? Hey ~ I l<3 animals ~ They're DELICIOUS!... Oh Wait ~ WTF am I thinking here!?!... I 'DIDN'T' INHALE
Michelle has fallen over?
...CSX's CEO Michael Ward stated 'unequivocally' that as far as the movement of crude by rail he has "not seen any changes,"...
Bullshit. My unofficial sample-of-one report for a damn big rail yard/hub I eyeball to/from work when I get a chance: pretty damn slow there. Not scary empty, like just before the oil-train days. But disturbingly empty by historical standards nonetheless. There were several long (like 80-car) strings of new oil cars in there every single day at the peak last year - never a day without. Saw one small string of old, smaller tank cars moving through this A.M., so it probably wasn't crude. Most of the crude oil cars are huge - like 30K gallons - and obviously new with clean, shiny black paint. They're either at the refineries or back in Bakken/Canada, but they damn sure are not moving many the last month or two. Cushing is damn near full to the gills, so they're no bothering to ship Bakken/Canadian crude by rail to southern refineries or return the empty tank cars to Bakken or Canada. Nobody is buying what they have stockpiled at Cushing, and refined sales are flat.
I rarely see trains of automobile shipping cars. Those use to be common a few years ago.
Used, empty 40-ft. CONEX (overseas shipping container) cities keep growing - Wal*Mart crap I guess. The Midwest is starting to look like New Jersey. Those containers are like cheap, plastic shopping bags of the shipping industry. $4K for a one-trip used one, but how many hunting shacks does the world really need? It's too expensive to send them back for re-use and too expensive to scrap them - the cheapest way to get rid of them is not to - they just keep stacking the empties. Ugly as hell even in the industrial parts of the cities.
The 'economy' still sucks - we're still in a recession dead-cat-bounce but heading back down. Truck traffic still seems to be light compared to years ago. Few factories are building or shipping heavy/bulk goods by rail. Welcome to the continuing Chinese Wal*Mart economy, fully-backed by the awesome financial might of bartenders, waitresses and EBT.
Thank God Walmart still sells "assault weapons". Americans still have some sense of value.
Somebody isn't following the script so they to go to FUN camp......
FUN, camp can't get more Orwellian than that for re-education camps. As the "people" cheered Hillary after saying that. I fear for my children's well being.
it is different this time ... transportation no longer needed for growing economy ...
FUCK YOU FUCKERS!
It won't do any good to yell loudly because they are deaf......
i'll sleep well knowing that no matter how bad things get for main street ... warren buffet (and his choo choos) will get bailed out by taxpayer
Meh - doesn't take a lot of trucks, trains and planes to haul around bits and bytes anyway.
I get the heebie jeebies everytime Tyler talks about "trannies".
stateside
FYI-The Bakken Boom is over. At less than $70 crude only the middle pocket (Williams, Mountrail,McKenzie,Dunn) counties can make money and then only down to $44 oil. Nearly half the lease acres in this pocket have already been drilled. All currently operating drilling rigs are in the pocket (around 100) with an average of 130 total bores a month. At this rate all profitable lease acres will have been drilled in the next 36 months. At a 75% first year depletion rate you're looking at an overall play depletion in less than 4 years, max. Anything outside the pocket is running a 75% + produced water cut (salt water), ie, for every 10 barrels of fluid 7 1/2 is salt water, and the logistics in terms of transport costs and well maintenance are murderous for these kinds of wells.
Add in the railroads strangle on crude transport and additional peripheral costs like recent fracking rules (1/3 of the Bakken is on tribal land !) and the entire Williston basin is now on an (quickly) downward slope. Eventually BNSF rail (better not start a family--BNSF) will feel it.
@herman55, since when is tribal land federal land! you are mistaken in other points also. Simply go read Helms for ND production data going forward.
@herman55, since when is tribal land federal land! you are mistaken in other points also. Simply go read Helms for ND production data going forward.
Helms is just guessing. Period.
good point when you thing about it.
what ramped uso?!
PROBLY either: 1) rumor 2) news 3) fuckin' speculators 4) insiders 5) etc
The thing I absolutely LOVE on Zerohedge are the tumbling trannies.
... what a drag those high heels are!