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Was Keystone Blocked to Benefit Buffet?
American Thinker ^ | March 22, 2012 | Russ Vaughn

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 ...


TOPICS: Government; Politics/Elections
KEYWORDS: buffet; keystonexl; warrenbuffet; warrenbuffett
Dontcha know some guys have all the "luck".
1 posted on 03/22/2012 6:29:08 AM PDT by Lacey
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To: Lacey

Some guys make their own luck.


2 posted on 03/22/2012 6:32:24 AM PDT by woodbutcher1963
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To: Lacey
Say, Warren, how's it coming with that billion dollars in back taxes you owe?

Report: Buffett's Berkshire Owes $1 Billion In Back Taxes \

3 posted on 03/22/2012 6:32:25 AM PDT by Texas Eagle (If it wasn't for double-standards, Liberals would have no standards at all -- Texas Eagle)
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To: Lacey

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.


4 posted on 03/22/2012 6:35:18 AM PDT by Safetgiver (I'd rather die under a free American sky than live under a Socialist regime.)
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To: Lacey
Warren Buffett is a greedy, chiseling scumbag who puts on a front of being for the little guy, yet every time you see the government intervening in business, this guy gets something out of it. He is the definition of “crony capitalism.” He needs to shut up.
5 posted on 03/22/2012 6:35:18 AM PDT by Opinionated Blowhard ("When the people find they can vote themselves money, that will herald the end of the republic.")
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To: Lacey

“luck” always comes after a bribe.


6 posted on 03/22/2012 6:37:13 AM PDT by Vaduz
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To: Lacey
FTA: Wayde Schafer, a North Dakota spokesman for the Sierra Club, said Obama's decision was appropriate though oil that would have moved on the pipeline will be transported by environmentally riskier rail or trucks.

Luck my a$$.

7 posted on 03/22/2012 6:40:07 AM PDT by shove_it (just undo it)
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To: Safetgiver

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.


8 posted on 03/22/2012 6:44:15 AM PDT by MrB (The difference between a Humanist and a Satanist - the latter knows whom he's working for)
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To: Lacey
If true that can be shown to be an impeachable offense.

In a sane world, of course.....

9 posted on 03/22/2012 6:48:42 AM PDT by Victor (If an expert says it can't be done, get another expert." -David Ben-Gurion, the first Prime Minister)
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To: Opinionated Blowhard

Buffett is the lowest of lows bottom feeder.


10 posted on 03/22/2012 10:46:15 AM PDT by topspinr
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