Friday, January 27, 2012

Has Obama seen the light on oil? Not with his Rejection of the keystone XL Pipe Line. | Diana Furchtgott-Roth | Columnists | Washington Examiner

Posted by Frank Smith at 27.1.12

5 comments:

Frank Smith said...

Unfortunately, with Obama's refusal to allow this project to move forward 20,000 construction and manufacturing jobs creation was lost.

Now Canada is selling this same oil to China and some of it will in turn be sold to America with no added jobs that Obama claims to be fighting for.

January 27, 2012 at 8:49 AM
Anonymous said...

Anonymous said...

Warren Buffet Strikes It Rich As XL Pipeline Is History.

It’s being reported in the media that Warren Buffett, a major shareholder in Obama, Inc. will be one of the primary beneficiaries of the decision from the White House to kill the Keystone XL Pipe Line; and ship the Canadian oil on the BNSF Railroad south to the Texas Refinery Complex.

Warren Buffett’s BNSF Railway-now a wholly-owned subsidiary of Obama, Inc., will transport the Canadian oil at a slight premium railroad shipment cost. About 75 percent of the oil currently shipped by railroad out of North Dakota fields is handled by Burlington Northern/ Santa Fe Railroad- which just happens to be a unit of Warren Buffett’s company, the Berkshire Hathaway Inc, BNSF Railroad.

These Canadian rail shipments of oil from Canada are expected to “increase exponentially with increased oil production and the shortage of pipelines,” according to Justin Kringstad, director of the North Dakota Pipeline Authority.

It's going to be quite a windfall of extra dough $$$$$ for Warren Buffet and the railroad companies and railroad employees ?

January 27, 2012 at 11:55 AM
Anonymous said...

On Thursday 01/26/12 President Obama announced that he would expand the American oil leases in the Gulf of Mexico. He also stated his Rejection and Veto of the construction of Keystone XL Pipe Line, wiping out 20,000 Union construction jobs but generating more railroad jobs.

With the shipment of Canadian oil on high speed unit train loads of rail cars on the rail bed from interior of Canada to interchange at interlocking rail yard at Texas refineries is an environment plus factor ?

January 27, 2012 at 4:38 PM
Anonymous said...

I guess Obama is really anti-union after all. Especially after news that he has his airplane repaired in a right to work state so that he can exclusively have non-union labor work on it.

January 27, 2012 at 10:51 PM
Anonymous said...

Warren Buffett's company, Berkshire Hathaway, has acquired two railroads, the Burlington Northern and Sante Fe ("BNSF") for $44 billion dollars.

Warren Buffett sees a strong rail system as key to U.S. growth, and "BNSF" Railroad is hanging out the "Now Hiring" sign on Canadian oil shipments.

January 28, 2012 at 12:06 PM

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