Categorized | Commentary/Editorial

John Hayward: Obama’s Decision to Kill the Keystone Pipeline A Huge Windfall for Warren Buffett





Just a coincidence, I’m sure:

When President Obama, who is normally a great proponent of “infrastructure” projects, made his bizarre decision to block the Keystone XL pipeline project, I wondered if he might have been induced to create those thousands of American jobs if the oil could be moved by his beloved high-speed rail.

As it turns out, oil is already moved from northern latitudes, such as the booming oil fields of North Dakota, down to the Gulf of Mexico by rail of the old, low-speed variety.  Fortunately, as Newt Gingrich pointed out during the Monday night Republican debate in Florida, the oil is on private land, so Obama can’t shut production down.

[...]

Amusingly, a spokesman for the Sierra Club admitted “there is no question that [transporting] oil by rail or truck is much more dangerous than a pipeline,” but that didn’t stop the zero-growth eco-fanatics from calling in their chips with President Downgrade to kill that pipeline.

Those rail shipments 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.  That’s going to be quite a windfall for the railroad companies, isn’t it?

As it happens, 75 percent of the oil currently shipped by rail out of North Dakota is handled by Burlington Northern Santa Fe LLC… which just happens to be a unit of Warren Buffett’s company, Berkshire Hathaway Inc.  What a coincidence!

Wow. So if I understand this correctly, instead of a safer and far more efficient pipeline, we’re going to ship the oil by train which even the far left Sierra Club acknowledges is more environmentally hazardous.  It’s also far more expensive.  But that matters not since one of those positioned to profit handsomely from this absurd decision is Obama’s richest buddy, Warren Buffett.  What a country!

Exit (rhetorical) question: Is this an example of crony capitalism?



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  • patnatasha

    it is so time to send the dufus packing.

  • carmtom13

    This is the epitomy of what crony capitalism is. Make a large campaign contribution and you will be taken care of. No media coverage on this, naw. BHO needs to be voted out in November.

    • wodiej

      Obama and these people are running nothing less than a money laundering scheme.  Obama’s biggest donors are the ones he gave bailouts and subsidies too.  They gave a bunch back to Obama in campaign donations, kept some for themselves, let the companies like Solyndra go belly up and taxpayers like you and me pay for it.

      • FredHeadBill

        I understand that if Owebama doesn’t go to jail for the crimes he has committed; that he’s going to rejoin his Nigerian email fraudsters.

  • AmsterdamExpat

    The next time Buffett opens his trap about wanting to pay more in taxes, someone should ask him about this windfall. (To be sure, it won’t be any of the "dumb arses" who do so.)

  • http://lenbilen.com/ Lennart Bilén

    Isn’t this great! Trains have a much larger carbon footprint, have more accidents and are easy targets of terrorism.So who, except "undertaxed" Obama contributor Buffet wins in this?

    • Nichama

      It’s 3 x’s more expensive to transport oil by train as it is by pipeline.

      The ‘avuncular’ Warren makes me hurl.  He’s nothing but a small time Soros.

  • patnatasha

    and let’s not forget the bit sotu speech tonight where buffet’s secretary will be a guest of the dufus once again attacking the rich.

    • conservativemama

      I cannot watch that man. I’ll be in silly land with Tori and Dean.

  • conservativemama

    When you think you’ve heard the worst from this crowd, you find it can get uglier and uglier.

    Buffet should be dogged everywhere he goes, questioned on camera.  Youtube it because the MSM will never ask him anything about this.

    • Freempg

      c-mama, it’s a relentless series of lower lows. We are being robbed right in front of our noses, We the Peons know it, and hear nary a bleat from the sychopant media. This is what Evil looks like. This will be–if it isn’t already–the stuff of the Anti-Christ.

  • nkthgreek

    I trust Jimmy Buffett more than Warren Buffett.

  • Freempg

    And the only thing we get out of Romney is, "Obama is trying to shore up his environmental base."

  • suehimel

    Check out how much Berkshire Hathaway benefited from the bailouts – Buffett has already been paid back.

    http://biggovernment.com/whall/2011/11/15/capitol-cronyism-obama-backer-warren-buffett-helped-shape-bailout-rules-then-made-massive-profits-from-them/

  • westernhunter

    Don;t forget Buffett crony captialism in Peter’s book "Throw them all Out".  Doug maybe you could do an update to this story on that.

    • Exgunman

      I certainly can not prove it, and am not making any accusations but the words" XXXXXXX trading" come to mind………………………..

  • watchdogmom

    We the People will—WILL cleanse D.C. "Throw Them All Out!" fair and speedy trials for all.

    • Exgunman

      Paging Judge Parker……………………………….

  • watchdogmom

    Tune in to the great State of Georgia! eligibility hearing Jan.26  of course little to no MSM coverage on the "Biggest Crime In The History of The United States of America". obamaballotchallenge2012.com

  • wodiej

    Nothing Obama does anymore surprises me. 

    • conservativemama

      Sad but true.

  • http://www.facebook.com/people/Suki-Pero/100001668382968 Suki Pero

    I like every single comment on this page.  What can be done about this.  It really isn’t enough to vote out Obama because there are so many in DC like him, it makes me sick!   Sudden and relentless reform.  Thanks McCain for campaign finance.  Thanks to all those losers who can’t pass a budget because they’re too busy stealing from us.  
    1.  Repeal Obamacare
    2.  Do away w/ corporate income tax and corporate bail-outs and loans.
    3.  Do away with McCain Feingold.

    • Freempg

      That’s just on day 1, Suki.

  • navak

    Palin needs to broadcast this and get it out there!!  Maybe she will do a FB page about it, or an op-ed for WSJ.  SOMEthing!! 

    And then Obama blames everything on the uber rich….uh, isn’t that Buffet?

  • Yankee4Palin

    moved

  • Yankee4Palin

    A free 1 hour campaign speech for Obama

  • http://www.facebook.com/people/Christine-Riordan-Brown/1302488096 Christine Riordan Brown

    THIS MAN IS THE MOST EVIL MAN EVER TO SIT IN THE WHITEHOUSE AND WE HAVE THE LAMEST OF LAME TO TRY AND BEAT HIM ..AMERICA IF WE CANNOT I REPEAT ENCOURAGE THE GOV.TO RECONSIDER WE ARE SCREWED !!!!!!!!!!!!!!GOV.PALIN YOU SAID A 10.EARTHQUAKE COULD MAKE YOU RECONSIDER PLEASE A EARTH QUAKE IS HAPPENING NOW.WE NEED YOU AS WILL AS THE REST OF THE COUNTRY…..GOD CHOOSES OUR LEADER AND YOU HAVE BEEN CHOSEN..DO NOT LET AMERICA DOWN !!!!!!

  • M_Minnesota

    Doug Brady,

    Since this issue as you say is "Crony Capitalism on Steroids"  There is no one more fit to take it on than Gov. Palin.

    The book "Sarah Takes on Big Oil" by Kay Cashman is not light reading.   Sarah acknowledges that Obama will have a Billion doolars to spend on his Campaign not counting LSM coverage.

    The only one who can win against the BARRY and BUFFETT BS is Gov. Palin!!

  • RICHARDAS

    This news was first in Bloomberg but as mark Levin noted to night the article has since disapeared!!
    when I first came to America I was quite taken by American Railroads and since I Live in Philadelphia I decided to learn all about Burlington Northern!! based in Seatle!
    Each year they send me thier company report and in general I keep tabs on what they are up to .
    latly , as a west coast railway company thier main base of operations has been moving coal from northern American states and Grain from the plains and Canada  to Galviston Texas where all the oil refinaries are!
     but they do have routes to the east mostly for Friut
    Thier business started to decline when coal became less prfitable, this is when WB stepped in
    recently they have rebuilt much of their main line tracks ( in order to carry heavy cars)
    and brought a lot of OIL cars.
    quite normal I thought until they BLEW UP A MOUNTAIN TO CUT A PASS??? where was the EPA ????? on this one because it only happend when WB took over
    History Channel has a show on railroads , one episode was about BN and the pass creation, so its hardly a secret.
     
    And now we know
     
    this is typical Barry Croni Capitalism PAY BACK TO WB for his campaign contributions, well what a surprise!  

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