Who knew this?
This is more than an ugly story. It is more like the “rest of the story".
Burlington Northern Santa Fe Railroad owns all of the rail lines in the US connecting to western Canada. They haul 80%+ of the crude oil from Canada to the Midwest and Texas, or charge other short line railroads a fee to use BNSF tracks.
BNSF charges $30 per barrel to haul the oil. The proposed "Keystone pipeline" would cost $10 per barrel according to the US State Department's own estimates and perhaps a lower amount as reflected in other estimates.
BNSF is owned by Berkshire-Hathaway whose chairman is Warren Buffett. In the last 2 election cycles, Buffett gave extensively to Democrat causes and candidates, particularly Obama in 2012. He also bundled and hosted numerous fundraisers for Obama. If anyone believes the pipeline isn't being blocked by Obama on Buffett's behalf, you need to seek immediate medication. On this basis, Buffett could stand to lose $2 Billion a year if the Keystone pipeline goes in and he makes the same amount every year it's delayed. Is this "crony capitalism" at its finest or what?
Burlington Northern Santa Fe Railroad owns all of the rail lines in the US connecting to western Canada. They haul 80%+ of the crude oil from Canada to the Midwest and Texas, or charge other short line railroads a fee to use BNSF tracks.
BNSF charges $30 per barrel to haul the oil. The proposed "Keystone pipeline" would cost $10 per barrel according to the US State Department's own estimates and perhaps a lower amount as reflected in other estimates.
BNSF is owned by Berkshire-Hathaway whose chairman is Warren Buffett. In the last 2 election cycles, Buffett gave extensively to Democrat causes and candidates, particularly Obama in 2012. He also bundled and hosted numerous fundraisers for Obama. If anyone believes the pipeline isn't being blocked by Obama on Buffett's behalf, you need to seek immediate medication. On this basis, Buffett could stand to lose $2 Billion a year if the Keystone pipeline goes in and he makes the same amount every year it's delayed. Is this "crony capitalism" at its finest or what?
70-79, M
