Burlington Northern Santa Fe Railroad owns all of the rail lines in the US connecting to western Canada and they haul 80%+ of the crude from Canada to the Midwest and Texas or charge other Short Line railroads a fee to use their tracks. BNSF charges $30 per barrel to haul the oil where the Keystone would cost $10 by the State Departments own estimates. BNSF is owned by Berkshire Hathaway whose chairman is Warren Buffet. In the last 2 election cycles Buffet gave extensively to democrat causes and candidates including $40K+ to Obama in 2012. He also bundled and hosted numerous fundraisers for Obama. If anyone here believes the pipeline isnt being blocked by Obama on Buffets behalf youre nuts. Buffet could stand to lose $2B+ a year if the pipeline goes in and he makes the same amount every year its delayed. This is crony capitalism at its finest and what is making people mad at our government.
Posted on: Sun, 20 Apr 2014 00:10:38 +0000
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