To: Grams A
Actually, Buffett and BNSF have created a situation which benefits producers in North Dakota and Montana, opening new markets for Bakken/Three Forks crude which have reduced the discounts on produced oil. The other spinoff is the drop in price for Brent Crude, because Eastern refineries have access to Bakken/Three Forks light sweet crude by rail.
Buffett makes money on the shipping, the oil companies make money because they are getting a better price per barrel, and the Eastern refinieries aren't buying as much overseas oil.
Whether that was the intent or not, it works for everyone.
posted on 06/27/2013 9:04:33 PM PDT
by Smokin' Joe
(How often God must weep at humans' folly. Stand fast. God knows what He is doing)
To: Smokin' Joe
Thanks for the info. According to a friend who works for BN, the original push was to keep Keystone from being completed. It’s nice to see some positive results although still think there is more than enough business for everyone. Down in our part of the country we sure would love to have Keystone completed though.
posted on 06/27/2013 9:22:11 PM PDT
by Grams A
(The Sun will rise in the East in the morning and God is still on his throne.)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson