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.
edit on 2-2-2013 by nwtrucker because: spelling errors