Skip to comments.Was Keystone Blocked to Benefit Buffet?
Posted on 03/22/2012 6:29:05 AM PDT by Lacey
While our anti-petroleum president is visiting oil and pipeline country in a Potemkin photo op attempt to imply that he is what he clearly is not, here's something to ponder. Are you one of those who've wondered why billionaire, Warren Buffet, is so cozy with the Obama Administration? In an article published a couple of weeks ago by Bloomberg News, which gained little traction, author, Natalie Doss, noted that Buffet had made another one of his "pretty good bets" back in 2009 when Berkshire-Hathaway bought the Burlington Northern-Santa Fe Railroad. Doss reports:
Fort Worth-based BNSF Railway's track network puts it among the best-situated of its peers to meet shipping demand for hydraulic fracturing sand, pipe and crude in the northern U.S. Bakken region, where oil production has more than tripled since 2008, according to data compiled by Bloomberg.
Gains in mineral and chemical carloads helped BNSF pay a $1 billion distribution to Buffett's Berkshire Hathaway last month.
The railroad is the busiest in the U.S. in 2012 by traffic, positioning it to build on a 16 percent jump in 2011 sales that helped narrow the revenue lead of Union Pacific, which lacks tracks into the Bakken area.
"It's kind of like if somebody discovers gold in your back yard but not your neighbor's," said John Anderson, advisory director at Greenbriar Equity Group, a private-equity firm based in Rye, N.Y., focused on the transportation industry. "It's just good luck."
Read more: http://www.americanthinker.com/blog/2012/03/was_keystone_blocked_to_benefit_buffet.html#ixzz1pqs3FROT
(Excerpt) Read more at americanthinker.com ...
Some guys make their own luck.
Buffet also tanks oil back from Canada with his choo-choos at the price of 2.8 million a day. Revealed here a month ago.
“luck” always comes after a bribe.
Luck my a$$.
Thus 0bama’s attempt to straddle the fence by supporting building the “southern” portion of the Keystone pipeline.
He gets to avoid the political ramifications of blocking the pipeline and still benefit a big $upporter.
In a sane world, of course.....
Buffett is the lowest of lows bottom feeder.