Warren Buffett Cashes In on Railroad Tank Cars
The shale boom spurs a railroad renaissance
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Boomtowns on the prairie, young men heading west to find work as roustabouts—there’s an undeniable throwback quality to the American shale oil industry. The 21st century economy was supposed to be driven by Silicon Valley and Wall Street; instead it’s being pumped out of the ground in North Dakota and Texas. That’s creating growth in unlikely places.