Train Collision Sparks Fireball in North Dakota

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Dec. 31 (Bloomberg) -- Bloomberg Television's "Lunch Money" Host Matt Miller reports a train collision and the connection to Warren Buffett. (Source: Bloomberg)

The ball will drop in times square.

People always say go out with a bang on the but i do not think this is what they meant.

Two trains collided in eastern north dakota yesterday.

No one was injured but the massive fireball was the resort -- result.

First, a grain train he railed, hitting another train carrying crude oil going the opposite way on an adjacent track.

Police have advised residents to evacuate their homes because of fumes.

There are a lot of trains carrying crude oil in north dakota these days.

It is one of the nation's new and plentiful sources of oil.

The train that cause the explosion was carrying it from boston to minnesota.

The fourth major do braille meant in six months and likely to recharge the debate over the safety of the north american energy boom.

The number of crude oil hauled surge from just under 11,000 in 2000 nine to a projected 400,000 this year.

The company that runs the train is burlington northern santa fe.

That is owned by moore and buffett's berkshire hathaway.

He is leading the world know he is betting on crude oil ports.

Phillips 66 for full stock.

This helps the product flow through pipelines more quickly.

This only the latest of investments.

It accumulated more than $4 billion stake in exxon mobil and berkshire hathaway added holdings and the national oil

This text has been automatically generated. It may not be 100% accurate.

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