Buffet and Obama means no Keystone XL Pipeline, page


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Topic started on 2-2-2013 @ 11:52 AM by nwtrucker
Perusing the business section of our local, little newspaper last saturday, I came across an article out of Calgary, Alta., Canada that had been picked up by Bloomberg News.

It basically, was pointing out how the railway industry in the U.S. had invested one billion dollars last year in oil depots/terminals. It also pointed out that BNSF planned a 400 million investment this year in oil depots at railheads this upcoming year.

If one follows the money trail, the major benifciary to restricted/stopped pipeline construction is the rail industry in general and, as the owner of the largest railway, Warren Buffet specifically.

As pipelines are less expensive to transport oil than rail, the keystone project is not in their interests. The railways have lost significant manufacturing business and even the replacement container traffic has dropped dramatically due to yet another "economic slowdown", there seems to be rail space availiable for increased oil transportation.

We all know Mr. Buffet is no dummy. He has to be aware of the fact that the tax increase for the "wealthy" pays for just nine days of federal expenditures and solves nothing. Yet his backing/endorsement of the "fair-minded" increased taxation for the 'rich" now looks more like a quid pro quo rather than an enlightened, socially sensitive, "good guy".

The influence of the railways on federal policy is almost traditional in it's scope. Now add in the relationship between Obama and Buffet and the quiet, unspoken real influence in the Keystone XL delay starts to make sense.

Does anyone doubt that these investments in oil depots by the railroads and Buffet would be occuring if there wasn't a high likelihood these expansions weren't "protected'? In other words, pipeline development and Keystone in particular, would be delayed, obfuscated and eventually denied?

Perhaps just keep delaying until the potential developers of these pipelines give up in frustration, even further proposals not forthcoming due having read the tea-leaves of the new reality?

I find the fact that even the Canadians have avoided commenting on this "behind the scenes" influence striking. Certainly no U.S. publication I've seen has touched on it. Such is the power of a Buffet-Obama coalition.

I didn't know what forum to post these thoughts, so I stuck it under a vanilla catagory.

Your thoughts?
edit on 2-2-2013 by nwtrucker because: spelling errors



reply posted on 2-2-2013 @ 01:39 PM by nwtrucker
reply to post by buster2010



Maybe the only ones who would tangle with a very well controlled "good old boy network". Maybe 'foreign' investor is what is needed. They hire U.S. workers, are obliged to follow U.S. law, we transport U.S., as well as. Canadian oil to U.S. refineries. (certianly better than middle east crude...hello?)

If you are against the pipeline due to non-U.S. participation, would you support it if it was American owned? Or is your objection based on something else?

Personally, I don't have a problem with U.S. oil companies making profits. Far better than a B.P. or a Shell. Even Argentine oil companies are cleaning up on U.S. sales. If your not beefing against them, why a Canadian firm?

Last time i checked, they're better allies than anyone else we import oil from...

Also, both Canadian RRs, C.P. and C.N. are U.S. owned. ( BNSF being one of them).

There is so much overlap between the U.S. and Canadian interests that your objections comes across as disengenuous.



reply posted on 2-2-2013 @ 01:51 PM by nwtrucker
reply to post by buster2010



Besides, my issue is the monopoly by the railroads. They already have a lock on coal transportation and the "free enterprise system" works best with competition. Pipelines are competitors for the railways.

It's also cheaper and safer to use pipelines than railways.

The oil companies will get their "profits" whether the crude is transported by rail or pipeline.

Overall, IMHO, the pipeline offers cheaper products for the end user, thee and me, than giving the railroads a lock on transportation.
edit on 2-2-2013 by nwtrucker because: spelling errors
edit on 2-2-2013 by nwtrucker because: grammar error



reply posted on 2-2-2013 @ 03:15 PM by snowspirit
ca.finance.yahoo.com...

"I had reason for optimism before the election that the president would approve it, were he re-elected, but his speech the other day was not encouraging," Finance Minister Jim Flaherty told Reuters at the World Economic Forum in Davos.


"We will go wherever we have to go. We are going to create markets for Canadian commodities," Flaherty said. Asked how fast such plans could be put in motion, he said: "We'll do it quickly. We have major projects right now on our agenda and we will encourage them."


It sounds like Canada has been expecting this pipeline to not work out, even though it was rerouted away from the aquifer.


reply posted on 2-2-2013 @ 05:04 PM by buster2010
Originally posted by nwtrucker
reply to
post by buster2010



Besides, my issue is the monopoly by the railroads. They already have a lock on coal transportation and the "free enterprise system" works best with competition. Pipelines are competitors for the railways.

It's also cheaper and safer to use pipelines than railways.

The oil companies will get their "profits" whether the crude is transported by rail or pipeline.

Overall, IMHO, the pipeline offers cheaper products for the end user, thee and me, than giving the railroads a lock on transportation.
edit on 2-2-2013 by nwtrucker because: spelling errors
edit on 2-2-2013 by nwtrucker because: grammar error


The trucking industry also does a lot of shipping of coal.


reply posted on 2-2-2013 @ 05:13 PM by buster2010
reply to post by nwtrucker





Maybe the only ones who would tangle with a very well controlled "good old boy network". Maybe 'foreign' investor is what is needed. They hire U.S. workers, are obliged to follow U.S. law, we transport U.S., as well as. Canadian oil to U.S. refineries. (certianly better than middle east crude...hello?)

In case you missed it China was looking to buy the company that was running the pipeline. That's not an investor that's a company. And in the long run the pipeline will cost more jobs than it will create not to mention it's dirty oil that costs more to refine and the oil companies have stated none of it is for domestic use export only. I'd rather not take a chance with our ecology so a few people here in the states and a foreign company can become even more wealthy.


reply posted on 2-2-2013 @ 09:32 PM by nwtrucker
reply to post by buster2010



Also, the idea that a pipeline would cost us jobs in the long run is incorrect. No pipeline will redirect the tar sands oil to the west coast of Canada, either refined there or shipped as crude to China. With a pipeline, the oil is refined in the U.S.(to EPA standards) by American workers.

The North Dakota fields, being in the U.S. will probably end up on rail.

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