Obama helps Buffett’s railroad

Charleston (WV) Daily Mail ^ | November 18, 2011 | Don Surber

[Mustang Driver]

Crony capitalism is alive and well and occupying 1600 Pennsylvania Avenue. The latest billionaire donor to cash in on his connections to President Obama is Warren Buffett, who now joins billionaire George “Solyndra” Kaiser and George “Petrobras” Soros in cashing in on Obama’s pay-to-play energy policy. Warren Buffett is about to make a pile of money off the Bakken Oil Shale in North Dakota the old-fashioned way with a monopoly worthy of

Here is how it works, President Obama put the brakes on the Keystone Pipeline, which would have delivered oil from Canada. That delay means Burlington Northern Santa Fe railroad will be shipping a lot of oil (10 times as much as it does today) not from Canada but from North Dakota — American oil for American cars and plastics — and Berkshire Hathaway owns 22% of said railroad and will scarf up the remainder of the company.

The spin in Washington is that President Obama is walking a thin line between his labor union bosses and environmentalists. Hogwash. Whatever he decides, unions and tree-huggers will accept. What’s their alternative? Mitt Romney?

[Alberta's Child]

This author must have been reading my posts on FreeRepublic. LOL. See #28:

Click Here

[mk2000]

you know all this kind of stuff is great to know for us all here on FR. However does the average American have a clue what's really going on I highly doubt it. On this blog your preaching to the choir pretty much.

[Iron Munro]

Buffett has been playing O’bozo like a Stradivarius since 2008.

[Recon Dad]

As soon as the oil companies have a pipeline they won’t ship another barrel on the railroad, it’s too expensive.

[opentalk]

Crony Capitalism Deluxe: Buffett To Profit Greatly From Keystone XL Demise

Capitol Cronyism: Obama-Backer Warren Buffett Helped Shape Bailout Rules, Then Made Massive Profits from Them

[Darksheare]

Let's bring this Freepathon

To the TAIL end!

[ExCTCitizen]

As a railfan, I'm happy to see oil transported in rail tank cars, but I still think we need the KEYSTONE pipeline, too. BNSF (the offical corporate name) has the powder River coal, too.

I think you'll see another merger soon in the rail industry - BNSF merging with CSX or Norfolk Southern.

[dfwgator]

Obama makes the trains run on time.