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Billionaire Buffett's Bakken Boom
Investor's Business Daily ^ | 11/16/2011 07:02 PM ET | Andrew Malcolm

Posted on 11/17/2011 10:26:11 AM PST by kbobdelux

Energy Policy: Killing the Keystone XL pipeline may help one of the world's richest men get richer. North Dakota's booming oil fields will now grow more dependent on a railroad the president's economic guru just bought.

Stop us if you see a pattern here. About the time George Soros — Hungarian billionaire and key donor to leftist groups and the Democratic Party — invested heavily in the stock of the state-run Brazilian oil company Petrobras, President Obama was curbing U.S. offshore oil production and the U.S. Export-Import Bank announced a $2 billion loan to Petrobras to finance deep-water drilling off the pristine beaches of Sao Paulo and Rio de Janeiro.

As he was imposing curbs and moratoria on U.S. offshore drillers, President Obama wished the Brazilians well in the hope we would someday be Brazil's best oil customer.

Apparently, oil tankers coming from Brazil are better and safer than a pipeline from Canada, whose best customer we will not be if they ship their tar sands oil to China instead.

Interestingly, another billionaire, Obama economic inspiration Warren Buffett, stands to benefit from the Keystone XL pipeline delay.

(Excerpt) Read more at news.investors.com ...


TOPICS: Business/Economy; Editorial; Government; News/Current Events; US: Nebraska; US: North Dakota; US: Texas
KEYWORDS: aquifer; brazil; buffett; donors; ibd; ibdenergy; keystonexl; nebraska; obama; offshore; ofshoredrilling; petrobras; soros; warrenbuffett

1 posted on 11/17/2011 10:26:17 AM PST by kbobdelux
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To: kbobdelux

He cut Keystone off because Soros profits.

If Keystone goes in, oil prices drop.

If oil prices drop, Soros loses money.

If Soros loses money, he can’t be the puppet master anymore.


2 posted on 11/17/2011 10:29:34 AM PST by struggle
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To: kbobdelux

Nothing to see here. Let’s get back to the $2 million Newt got as a consulting fee from Freddie Mac!


3 posted on 11/17/2011 10:30:42 AM PST by Argus
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To: kbobdelux

And the Brain-Dead GOP machine just sits there with their arms crossed, rocking back and forth, mumbling to itself.


4 posted on 11/17/2011 10:32:31 AM PST by blasater1960 (Deut 30, Psalm 111...the Torah and the Law, is attainable past, present and forever.)
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To: struggle

I can barely contain it anymore. I can only say I despise these people. That’s the only thing I can say in polite company.


5 posted on 11/17/2011 10:34:39 AM PST by SueRae (I can see November 2012 from my HOUSE!!!!!!!!)
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To: kbobdelux

You can also thank the ENTRIE Government of Nebraska for this too(oh wait Buffet’s from Nebraska/HUMMM)!


6 posted on 11/17/2011 10:38:03 AM PST by US Navy Vet (Go Packers! Go Rockies! Go Boston Bruins! See, I'm "Diverse"!)
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To: kbobdelux

FINALLY!! Somebody else noticed what I have been posting here for WEEKS. And that is that Warren Buffet owns Burlington Northern and that railroad tank car loadings are at a high not seen since the days of John D. Rockefeller when he owned both the oil and the railroads.

And so, now, with this being recognized what happens now?...

Nothing, not a dang thing.

The fraud, theft and destruction of the United States goes on without restraint.


7 posted on 11/17/2011 10:41:11 AM PST by Sequoyah101 (Half the people are below average.)
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To: US Navy Vet

Yes, hummmm.


8 posted on 11/17/2011 10:42:14 AM PST by Sequoyah101 (Half the people are below average.)
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To: kbobdelux

Wow. Just wow. They’re not even bothering to hide this sh*t anymore.


9 posted on 11/17/2011 10:45:12 AM PST by Hemingway's Ghost (Spirit of '75)
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To: kbobdelux
I have always regarded Warren Buffett as a parasite profiting from other people's work. I know he has worshipers here, but I have zero respect for him.
10 posted on 11/17/2011 11:47:35 AM PST by ozzymandus
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To: kbobdelux

Democrats - Thieves, Thugs, Thralls and Thickheads.


11 posted on 11/17/2011 12:56:01 PM PST by blueunicorn6 ("A crack shot and a good dancer")
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To: Nachum; markomalley; Clairity; Carlucci; grey_whiskers; meyer; WL-law; Para-Ord.45; ...

Keystone XL pipeline ping


12 posted on 11/19/2011 10:54:59 AM PST by raptor22 (Join me on Twitter @gerfingerpoken)
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To: blasater1960

It is long past time to replace McConnell and Boehner from their leadership positions.


13 posted on 11/19/2011 11:35:54 AM PST by FreedomPoster (Islam delenda est)
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To: kbobdelux

Phillip Anschutz...


14 posted on 11/19/2011 2:47:10 PM PST by Vendome (Don't take life so seriously, you won't live through it anyway)
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To: ozzymandus

I literally can’t stand the guy. At least Soros is a genuine financial genius, corrupt as he is. Buffett is a stumbling opportunist who can point to luck and timing way more than brains for getting where he is.


15 posted on 11/20/2011 9:53:41 AM PST by Free Vulcan (Vote Republican! You can vote Democrat when you're dead.)
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