XL Oil Pipeline
- Thread starter moreluck
- Start date
Babagounj
Strength through joy
Buffett’s Railroad Among Winners From Keystone Denial
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.”
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.”
wkmac
Well-Known Member
Is the approval or rejection of Keystone all about Crony Capitalism?
This raises the next question, is Keystone really a benefit at all?
This raises the next question, is Keystone really a benefit at all?
moreluck
golden ticket member
| Tuesday, January 24, 2012 @ 1:42 pm |
Poll: Only 28% Agree With Obama’s Decision To Reject Keystone Pipeline, 57% Want It Built…
Poll: Only 28% Agree With Obama’s Decision To Reject Keystone Pipeline, 57% Want It Built…
UpstateNYUPSer(Ret)
Well-Known Member
I wish you would relax on this pipeline--it will be built--Obama is simply playing a political game and is saving this for just before the election.
moreluck
golden ticket member
People who sit back and relax get people like Obama for a president. If he is waiting to capitalize on that decision....does he think Americans won't see through that ploy?
Babagounj
Strength through joy
As usual he needs a long vacation before he makes any decisions, and then when his idea is rejected, he does not try to rework it and continue .
So for now his pal Buffet will be shipping the oil south on his railroads, because as everyone knows that is the most enviromental mode of transport.
Doesn't matter if they see through it or not as long as he is able to meld it along with the rest of his narrative.
klein
Für Meno :)
Are you sure about that ? And also don't forget railroad tracks are also subject to radicals damaging them on purpose.
Faulty track caused derailment, oil spill in Lake Wabamun: TSB
A defective rail caused a CN train to leave the tracks, dumping oil into a popular Alberta lake two years ago, according to the final report by the Transportation Safety Board.
The derailment, which led to an environmental charge against CN, spilled more than 700,000 litres of bunker oil and other chemicals into Lake Wabamun, 50 kilometres west of Edmonton, in August 2005
moreluck
golden ticket member
I'm pretty sure, he was going for the obvious Buffet connection!! Buffet benefits by O's no decision!!
tourists24
Well-Known Member
You're right... lets just be at the mercy of all the countries who drill and sell the oil....
Catatonic
Nine Lives
I'm surprised you are in favor of more drilling for oil in America.
Babagounj
Strength through joy
Yes I was.
The use of railroads to transport oil is very expense and increases the CO2 outputs.
klein
Für Meno :)
Another reason why Keystone will be built before an Asian pipeline :
Canadian pipeline needs aboriginal consent: chief
OTTAWA (Reuters) - Enbridge Inc's controversial plan to build a pipeline to the Pacific Coast from oil-rich Alberta requires the consent of aboriginal bands, some of whom staunchly oppose the project, Canada's top native leader said on Wednesday.
The contention underlines the difficulties facing Enbridge as it tries to push through the C$5.5 billion ($5.4 billion) Northern Gateway project, which would cross land belonging to many Indian bands, or first nations, so the oil sands-derived crude could be shipped to Asia and California.
Canadian pipeline needs aboriginal consent: chief
OTTAWA (Reuters) - Enbridge Inc's controversial plan to build a pipeline to the Pacific Coast from oil-rich Alberta requires the consent of aboriginal bands, some of whom staunchly oppose the project, Canada's top native leader said on Wednesday.
The contention underlines the difficulties facing Enbridge as it tries to push through the C$5.5 billion ($5.4 billion) Northern Gateway project, which would cross land belonging to many Indian bands, or first nations, so the oil sands-derived crude could be shipped to Asia and California.
Dont be fooled. This pipeline will be an export pipeline to houston where the oil will go to china. On the jobs, even the company itself says that "only a few hundred permanent jobs" are created by keystone. It just continues our unsustainable addiction to oil. And I havent even hit on the environmental impact this dirty tar sands oil will have.
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