“SO WHAT’S CHANGED?
Technology.”
What’s changed is Buffett backing Clinton for President. He’s betting she will continue Obama’s anti-pipeline stance and leave Buffett open to monopolize transport.
Trying to put the transportation of crude and refined petroleum back into the choked and inefficient means of transportation that is rail tank cars, when a much faster, safer, and more reliable form of transport like pipelines exist and are a PROVEN method, is rather like trying to get rid of automobiles and restoring horse-drawn vehicles as means of transport.
Why was the ban put on the export of US crude oil in the first place? This was something to do with the mania for “price-fixing” that was rampant with the dying expiration of the Nixon era and the really restrictive limitations being put on industry and business in the isolationist period after the end of the Viet Nam war, when America was in retreat all over the world, and with it, international capitalism.
This affects not just keystone profits, but all oil export profits!