Back from the bush, where we [intentionally] went off-the-grid. Posts will thicken again as I resume my normal schedule this week…
Rail traffic weekly: Trend inches higher, but still slow | Association of American Railroads (AAR)
Weekly traffic +2.6% (vs. this week last year); total ytd volume to +1% y/y.
5 of 10 carload groups posted gains: Petroleum products +38%; grains -28.3; metallic ores -7.1.
[Spring swoon seems averted, but ytd growth remains in low velocity; watch for petroleum growth waning after 18 mos of acceleration.]
#Bullish #Perception vs Reality
America’s top colleges have a rich kid bias | Century Foundation
Socioeconomic study using 2006 data shows 70% of top colleges’ (by selectivity) matriculation comes from wealthiest quarter of Americans; only 14% from bottom half. As school selectivity decreases, wealth distribution evens out.
That’s not due to academic achievement though, since “smartness” is evenly distributed by income quartile–except the richest 1st quartile, from which come only 17% of top students.
#Wealth Gap #Oligarchy #Aristocracy
Natural Gas filling stations are here (to stay)! | Fortune
Blu gas stations popping up all over US, as cost of 18-wheeler nat gas trucks has fallen from $80k to $30k more than diesel; with average annual fuel savings of $30k, the payback is now immediate.
At margins of shale oil boom, a tempered euphoria | Reuters
After the investment boom in hydraulic fracturing (fracking) & pipelines (MLPs) from 2009-12, the shale oil/gas business is cooling from its frenzied pace, as companies are trying to figure out the most efficient [sustainable] means of exploration, production & transportation.
$CL_F $NG_F $AMLP $IEO #Oil & Gas Exploration & Production (E&P)