Buffett is worried the Keystone pipeline will be built and his railroad will take a hit.
Buffet is paying “juice” to Obama’s Chicago Mafia in hopes of avoiding the one billion dollars he owes the IRS, which is really his “fair share” under current tax laws.
What a phony, money-grubbing old coot, and CNBC has him on every other week it seems, portraying him as an example of capitalism, “crony capitalism” that is.
“Buffett is worried the Keystone pipeline will be built and his railroad will take a hit.”
Very little petroleum is hauled in railroad tank cars any more.
Coal, YES, that’s a big commodity with 110-car coal trains all over the place. (Aside: this is why the railroad industry fought vehemently against coal-slurry pipelines.)
But oil, that’s long-gone. I don’t see it coming back.