Skip to comments.More ND oil will be railed with no US pipeline (Warren Buffet owns BNSF Railroad)
Posted on 01/23/2012 9:20:35 PM PST by STARWISE
Rail shipments of North Dakota crude to increase with decision to block Keystone XL pipeline
North Dakota oil drillers increasingly will rely on trains to move barrels of crude to market after the Obama administration's decision to reject plans for a pipeline that would run from Canada to refineries on the Gulf of Mexico, state and industry officials say.
"Pipelines are by far the safest and most economically efficient way to transport oil, but we are left with a limited number of options if pipelines are off the table," said Tony Clark, chairman of the North Dakota Public Service Commission. "Once the oil is flowing, it has to go somewhere."
(Excerpt) Read more at finance.yahoo.com ...
But on a VERY uplifting note, my hopes and faith were inspired by a black Democrat truck driver who called in today to Rush about this issue. Listen .. and be heartened and hopeful ... pray this sentiment and realization grows and grows. God bless and restore our beloved America.
Buffet’s BNSF Railroad transports est. 75% of the oil from North Dakota !!!! He’s LOSES if the Keystone gets approved.
Typical rich liberal.
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Warren Buffet and George Soros paid good money for the Democrat Party’s War on Keystone and oil drilling in the Gulf repectively.
Buffet gets big money returns on his railroad. Soros gets big money on his Petrobras investment in Brazilian petroleum.
Hell, Soros even got a low cost giant loan from the democrats to drill in Brazilian waters.
I live here in the Bakken field. They are building rail loading sites all over the place, hauling by truck and pipelines but it isn’t enough. We need to get more pipeline capacity to take some of the stress off the roads. The volume of truck traffic here is unbelievable.
Almost straight out of Atlas Shrugged.
Sheeesh ... it’s SUCH a purely filthy, stinkin’ political move. Dammhim!! Didja listen to the Rush’s call?
Oh, I LOVE this guy!
The man talks sense!
“Everything they stick their hands into gets more expensive”
“They want us to eat grass and live in trees”
Took the words right out of my mouth...
Hallelujah call, for sure.
May there be hundreds of thousands more
of the awakened koolaid drinkers!
The following was put out last week....
TransCanada Corp. (TRP) may shorten the initial path for its rejected Keystone XL project, bringing oil from Montanas Bakken Shale to refiners in the Gulf of Mexico and removing the need for federal approval.
There certainly is a potential opportunity to connect the Bakken to the Gulf Coast, Alex Pourbaix, TransCanadas president of energy and oil pipelines, said in a telephone interview today. That is obviously something well be looking into over the next few weeks.
I saw that yesterday when I got home from work, and it made my day, I was excited to hear people are starting to turn around like that, it was incredibly inspiring.
Mitch Daniels is doing the response to SOTU? hmm
The Orifice of Obama scores again with his damn crony capitalism.
I asked my financial adviser about this yesterday and he said all BNSF stock is privately held by Buffet - none is publicly traded. I bought CSX instead.
......then he’ll be trying to sell a railroad instead of stock.
Buffett also owns GEICO and makes around 40 cents profit on every dollar sent to him for premiums. And, AND, that’s why GEICO and that annoying gecko are on every radio station, every TV channel, in your junk mail, and even at the grocery store (every 15 minutes) because Buffet gets a deduction for advertising expenses, so it doesn’t matter how much he pays. In order to compete, ALL the other insurance companies must advertise on TV channels - the General, State Farm etc., because they are all making 40 cents profit even after paying for tornadoes, car accidents, floods. SO, my way of thinking is if you use GEICO, you are helping Obama. I don’t.