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More ND oil will be railed with no US pipeline (Warren Buffet owns BNSF Railroad)
AP/Yahoo ^ | 1-20-12 | James MacPherson

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 ...


TOPICS: Business/Economy; Front Page News; News/Current Events; Politics/Elections; US: North Dakota
KEYWORDS: buffet; chicagoway; cronycapitalism; keystonepipeline; keystonexl; northdakota; payoff; rail; warrenbuffet; warrenbuffett
This despicable, corrupt regime must end!

~~~~~~~

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.

Fantastic RUSH Call

1 posted on 01/23/2012 9:20:46 PM PST by STARWISE
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To: onyx; penelopesire; maggief; hoosiermama; SE Mom; Liz; rodguy911; Fred Nerks; Red Steel; ...

Buffet’s BNSF Railroad transports est. 75% of the oil from North Dakota !!!! He’s LOSES if the Keystone gets approved.


2 posted on 01/23/2012 9:23:52 PM PST by STARWISE (The overlords are in place .. we are a nation under siege .. pray, go Galt & hunker down)
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To: STARWISE
This payoff to Windbag Buffett has been noted here for weeks now. Glad the media has caught up.
3 posted on 01/23/2012 9:26:26 PM PST by hinckley buzzard
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To: STARWISE

Typical rich liberal.


4 posted on 01/23/2012 9:27:44 PM PST by mylife (The Roar Of The Masses Could Be Farts)
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To: STARWISE; All


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5 posted on 01/23/2012 9:34:54 PM PST by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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To: STARWISE

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.


6 posted on 01/23/2012 9:44:50 PM PST by FormerACLUmember
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To: STARWISE

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.


7 posted on 01/23/2012 9:47:42 PM PST by upsdriver (We Tea Partiers need Sarah Palin for president.)
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To: STARWISE

Almost straight out of Atlas Shrugged.


8 posted on 01/23/2012 9:51:47 PM PST by rawcatslyentist (It is necessary that a person be born of a father who is a citizen; ~Vattel's Law of Nations)
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To: upsdriver

Sheeesh ... it’s SUCH a purely filthy, stinkin’ political move. Dammhim!! Didja listen to the Rush’s call?


9 posted on 01/23/2012 9:52:54 PM PST by STARWISE (The overlords are in place .. we are a nation under siege .. pray, go Galt & hunker down)
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To: STARWISE
Gingrich: Obama's Decision On Keystone Pipeline Is "Utterly Irrational"

http://www.youtube.com/watch?v=Zz_UHOeouTM

10 posted on 01/23/2012 10:14:54 PM PST by Cobra64 (Common sense isn't common anymore.)
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To: FReepers

you've come to the right place to help FR, click the pic
thank you!

11 posted on 01/23/2012 10:20:50 PM PST by STARWISE (The overlords are in place .. we are a nation under siege .. pray, go Galt & hunker down)
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To: STARWISE

Oh, I LOVE this guy!

The man talks sense!

Government

“Everything they stick their hands into gets more expensive”

Environmentalists

“They want us to eat grass and live in trees”

LOL!


12 posted on 01/23/2012 10:48:30 PM PST by thecodont
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To: rawcatslyentist
Almost straight out of Atlas Shrugged.

Took the words right out of my mouth...

13 posted on 01/23/2012 10:50:21 PM PST by thecodont
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To: thecodont

Hallelujah call, for sure.
May there be hundreds of thousands more
of the awakened koolaid drinkers!


14 posted on 01/23/2012 11:00:45 PM PST by STARWISE (The overlords are in place .. we are a nation under siege .. pray, go Galt & hunker down)
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To: STARWISE

The following was put out last week....

TransCanada Corp. (TRP) may shorten the initial path for its rejected Keystone XL project, bringing oil from Montana’s 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, TransCanada’s president of energy and oil pipelines, said in a telephone interview today. “That is obviously something we’ll be looking into over the next few weeks.”


15 posted on 01/24/2012 3:47:51 AM PST by Recon Dad (Gas & Petroleum Junkie)
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To: STARWISE

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.


16 posted on 01/24/2012 4:28:41 AM PST by Bulwyf
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To: Recon Dad
This link sure does put it into perspective. Buffett is a fricking scheming phony, and Bambi puppeteer.

http://en.wikipedia.org/wiki/File:BNSF_Railway_system_map.svg

17 posted on 01/24/2012 4:31:26 AM PST by DAC21
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To: STARWISE

Mitch Daniels is doing the response to SOTU? hmm


18 posted on 01/24/2012 4:47:36 AM PST by visualops (artlife.us)
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To: STARWISE
The fascinating thing about that call, was it was not just Rush that changed this guy's mind. It was NEWT!
19 posted on 01/24/2012 4:55:25 AM PST by visualops (artlife.us)
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To: STARWISE

The Orifice of Obama scores again with his damn crony capitalism.


20 posted on 01/24/2012 6:00:17 AM PST by crosshairs (Liberalism is to truth, what east is to west.)
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To: DAC21
Buffett’s smart enough to know hauling crude by rail is at best a short term affair. So if he's touting the fact that his RR is hauling crude my money would be betting he's trying to unload the stock before someone announces a pipeline out of the Bakken.
21 posted on 01/24/2012 6:35:45 AM PST by Recon Dad (Gas & Petroleum Junkie)
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To: Recon Dad

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.


22 posted on 01/24/2012 8:26:41 AM PST by CedarDave (Donna Brazile: "... we we believe that the weakest candidate ... [is] Mitt Romney.")
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To: CedarDave

......then he’ll be trying to sell a railroad instead of stock.


23 posted on 01/24/2012 10:31:30 AM PST by Recon Dad (Gas & Petroleum Junkie)
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To: hinckley buzzard

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.


24 posted on 01/24/2012 1:46:01 PM PST by timbo44
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