Warren Buffett's New Train Set

Green blogs give a lot of pixels to Vinod Khosla and his investments in solar and ethanol, but the man to watch in America is Warren Buffett. He famously sat out the last internet boom because he "didn't understand it" - he invests in businesses that he can see and touch and hangs in for the long term. Right now he is investing in railways. "He sees something in the rail industry that, over the next decade or longer, will make this an attractive investment," said an analyst. It might be that rail has a three to one fuel efficiency advantage over trucking and there is a shortage of truck drivers, or that railways are running leaner and more efficiently than ever before. It might just be a coal play, since most of it runs on rails. It certainly bodes well for the future of rails, the best hope for getting trucks off the road. ::National Post