Posted on 01/27/2021 8:25:10 AM PST by Hojczyk
Remember folks, ALWAYS follow the money.
There is a guy who we all know. He portrays himself as a very wealthy grandfatherly type. He’s just a kind old man. He’s an awe-shucks investor. You know, “I just look for value.”
Yet there is another side to Warren Buffett.
He is a cutthroat, manipulative investor who loves, loves, loves to contribute to politicians, the Democratic Party, and PACs that will do his bidding, which brings us to the fortune he will make with Joe Biden killing the Keystone Pipeline. How? Well, he owns BNSF – Burlington Northern Santa Fe Railroad – and they will carry up to 80% of all the oil flowing into America. And THAT is the payback Mr. Buffett receives. So, while hundreds of thousands of Americans will lose their jobs, the “Oracle of Omaha” will be making a fortune.
Buffett has given a lot of money to the D’s, but searches also show that he and Berkshire Hathaway and BNSF have donated money almost exclusively to Democrat causes.
(Excerpt) Read more at politicrossing.com ...
The railroads.
Yes, we know.
He makes billions in revenue each year from his railways. Perhaps, $10 billion/year from all the railways he owns.
Remember when Buffet was lobbying for Obama’s tax increase while Obama was blocking the Keystone pipeline.
Many Freepers know about Warren Buffet grifting off of the Democrats and that the “Green New Deal” is to lock in the wealth of big money families but the wider American public does not.
Substituting a not particularly efficient means of transportation for a much more environmentally friendly form, seems to be a step backwards, and mostly contributes to already astonishingly large fortunes of one specific investor, by passing the cost onto the ultimate consumer. The increase may not be much, specifically speaking, but another middleman gets thrust into the chain, and the resulting price is driven higher than it would have been.
Democrats always end up overreaching, and cause everybody else to stumble.
Yep. This was nothing but a payback.
I’m long on union pacific. I have been for years. And I have made a lot of money on it.
Are they ALL crooked?
Remember when Buffet was lobbying for Obama’s tax increase while Obama was blocking the Keystone pipeline.
Remember when all these oil and gas companies were lobbying on behalf of President Trump and his policies? I don’t. I’m having a hard time feeling sorry for them right now because it was entirely predictable what the Dems would do after stealing the election. I feel bad for those losing their jobs, though.
Without even reading the article, I already knew that whoever kills the competition (Keystone Pipeline) to deliver and transport oil from Canada to the USA would be the big winner.
To frame this is a Jeopardy format:
This person is the biggest owner of freight trains that transport oil from Canada to the USA.
Buffet’s “country-cousin” routine was outed many years ago.
My favorite was how he took a huge position in Goldman Sachs and others just hours before Treasury announced the Wall Street TARP bailout in 2008
I’m betting this gets reversed or is deemed illegal.
Rabid environmentalists will also be shutting down the Dakota Access pipeline out of the Bakken formation here in North Dakota. The train traffic through Fargo will once again be miserable.
It will take a few years to get capacity up, but Canadians are already increasing their pipeline capacity to their West Coast, so they can have outlets to Asia and aren’t 100% beholden to American politicians.
The oil sands border BNSF coverage area not UP
So the concern for the pipe line is environment, but are rail cars more risky
How’s he going to keep his trains running when BLM & Antifa turn their attention to big city rail yards and American cities are on fire due to the incompetence of those he help put in office?
I will believe it when I see it. As I understand, Transmountain is increasing pipeline capacity where it already has pipelines, but it will not reach the coast.
“ Yep. This was nothing but a payback.”
What?
Does any one in the entire world with any sense expect Biden to do anything with any reason having to do with the real job of POTUS?
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