The North American railroad revival is in full bloom.
This year, according to the Wall Street Journal, railroads will spend over $14 billion on upgrades to rail yards, refueling stations and additional tracks – that’s up some 40% since 2008’s peak.
Why the extra spending? Well, following along with Warren Buffett’s prescient outlook in 2009, the industry is set to boom for years to come. And while this unexpected revival of the “iron horse” continues there are certainly ways that you and I can cash in.
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The Profitable Way To Play LNG (Bet You Can’t Guess!)
“Canada is pulling ahead of the U.S. in a contest to be the first exporter of liquefied natural gas from the North American shale bonanza to Asia’s $150 billion LNG market” Bloomberg reports this week.
As you likely know, the global liquefied natural gas (LNG) business is set to boom over the coming years. More natural gas demand from Europe and Asia is spurring an energy trend that could last for multiple decades. It’s a big moneymaker, too.
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