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XL Oil Pipeline
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<blockquote data-quote="Babagounj" data-source="post: 931279" data-attributes="member: 12952"><p><strong>Buffett’s Railroad Among Winners From Keystone Denial</strong></p><p></p><p>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.</p><p>“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.”</p><p>“Railroads are not just a stopgap while we wait for a pipeline,” Hatch, an independent railroad analyst in New York said in an interview. “They are potentially part of the long-term solution.”</p></blockquote><p></p>
[QUOTE="Babagounj, post: 931279, member: 12952"] [B]Buffett’s Railroad Among Winners From Keystone Denial[/B] 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. “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.” “Railroads are not just a stopgap while we wait for a pipeline,” Hatch, an independent railroad analyst in New York said in an interview. “They are potentially part of the long-term solution.” [/QUOTE]
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