Warren Buffett’s Burlington Northern Santa Fe LLC is among U.S. and Canadian railroads that stand to benefit from the Obama administration’s decision to reject TransCanada Corp. (TRP)’s Keystone XL oil pipeline permit.
With modest expansion, railroads can handle all new oil produced in western Canada through 2030, according to an analysis of the Keystone proposal by the U.S. State Department. (Chuckle time)!
“Whatever people bring to us, we’re ready to haul,” Krista York-Wooley, a spokeswoman for Burlington Northern, a unit of Buffett’s Omaha, Nebraska-based Berkshire Hathaway Inc. (BRK/A), said in an interview. If Keystone XL “doesn’t happen, we’re here to haul.” From: Bloomberg
The keystone pipeline is actually just one of several oil sands pipelines targeted by the Rockefeller Brother’s Fund. Ezra Levant calls it industrial sabotage and, based on their own Power Point, that certainly seems an apt description.Found and more at: Heritage. From my post Rockefeller Fund sabotages Keystone pipeline approval. The Rockefeller Brother’s Fund in a coordinated, 4-year, $28 million dollar campaign was on the march to defeat it.
While Rockefeller and other groups are actively working to dismantle Canada’s energy production infrastructure, polling shows that Canadians overwhelmingly support oil pipeline projects. And for good reason: the energy sector employs 230,000 Canadians, and represents nearly 7 percent of the country’s economy.
All to keep the price of energy up.
Side note on Canadian National Railroad (CN) – Bill Gates is their biggest investor.
The Keystone Pipeline project was expected to create tens of thousands of high paying jobs in the oil industry. The project itself would create 20,000 construction jobs.
Why here is good old Warren Buffet as he makes his millions off of his Railroads. Lets all sing along with Warren as he wishes China a great new year working on the Railroads. Throw in the Rockefellers as well.