Keystone XL Pipeline Blocked Because Warren Buffett Says So

If you like your pipeline, you can keep it (unless Warren doesn’t like it)

From the first time the Keystone XL Pipeline bill was brought to Congress, Democrats have voted against it. Barack Obama has repeatedly stated that he would veto the bill if it made it to his desk. Democrats have consistently used hypothetical environmental disasters to justify their blockage of the bill that would be a huge positive to our nation.

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The Keystone XL Pipeline would transport crude oil from the Canadian oil fields to the refineries in Texas. Directly and indirectly, the pipeline project could create between 10,000 to 50,000 jobs and play a huge part in America becoming energy independent. You would think that Democrats, who claim to be the political party of working America, would be more than supportive of the project, but that’s not the case. Support for the pipeline is coming from the Republican Party, which is mistakenly referred to as the party of the wealthy.

But why are the Democrats and Obama so dead set against creating so many jobs and helping America become energy independent?

Because tycoon Warren Buffett says so!

Currently, Canadian crude oil is transported from Canada to the Texas refineries via the Burlington Northern Santa Fe Railroad (BNSF). This railroad is the second largest freight railroad in North America and a very large part of their business is the transportation of the Canadian oil.

In 2010, BNSF shareholders voted to accept an offer from Berkshire Hathaway to purchase the remaining 77.4% of the company’s stock that they didn’t already own. Berkshire Hathaway is owned by Warren Buffett who is one of the wealthiest men in America and the world.

BNSF Railroad makes about $30 for every barrel of Canadian crude oil they transport to the Texas refineries for an annual income of around $2 billion. If the Keystone XL Pipeline was approved and completed, it is estimated that it would cost only about $10 per barrel to transport the crude oil from Canada to Texas. If that happened, Buffett’s railroad stands to lose nearly $2 billion of annual revenue.

Buffett is a huge donor to Barak Obama and the Democrats. He is also a very powerful and influential man and generally what Buffett says people do. Barack Obama is literally Buffett’s slave in the White House who does everything his master tells him to do. Obama then passes those commands on to the rest of the Democrat slaves who also obey the master’s edict.

That is why it was a foregone conclusion that Obama would reject the application to build the Keystone XL pipeline, which he did last week saying that the pipeline was not in the U.S. national interest.

It was not in Warren Buffett’s best interest.

And there’s this by Mike Krieger via Liberty Blitzkrieg blog…

Three Trains Derail Just Days After Buffett’s BNSF Beats Back Railroad Regulations

Last week, under pressure from companies including Buffett’s BNSF Railway Co, which has spent more money lobbying Congress this year than any other railroad, U.S. legislators passed, and President Obama signed, a law that delays the so-called positive train control mandate for at least three years, with the possibility of an additional two-year delay.

That means railroad operators can put off having to buy and install equipment that safety advocates say would have prevented accidents that have claimed more than 245 lives and caused over 4,200 injuries since the National Transportation Safety Board began calling for the technology in 1969.

– From the Reuters article: Buffett’s BNSF Helped Lead Fight to Delay Train Safety Technology

And then there’s this…

A freight train derailed near Alma in western Wisconsin, spilling thousands of gallons of ethanol. BNSF Railway said crews continued Sunday to transfer ethanol from the derailed cars and get the cars back on the tracks.

The BNSF train derailed at 8:45 a.m. Saturday about two miles north of Alma, a town along the Mississippi River. Some of the 25 derailed cars were empty auto racks and tanker cars.

BNSF said railroad crews stopped the leaks from five tanker cars and placed containment booms along the shoreline. One tanker released an estimated 18,000 gallons of ethanol, and the other four released an estimated 5 to 500 gallons each.

– From ABC News: 2nd Train Derails in Wisconsin in 2 Days, Spills Crude Oil

Last week, a friend of mine sent me an Reuter’s article titled: Buffett’s BNSF Helped Lead Fight to Delay Train Safety Technology. It immediately caught my attention, because I am of the unconventional belief that Warren Buffett’s entire public persona of a gentle, kind and caring grandfatherly-type investing guru is a complete and total act.

In fact, when you look in particular at his behavior through the banker bailout period, it becomes clear that the man is only concerned about his own bottom line, and merely feigns a bleeding heart for the long-term welfare of the nation.

All you have to do is see how the man morphed into a Obamanomics cheerleader in exchange for following a bailout of his financial investments, and continues to support economic policies that have done little other than transform this nation into a total Banana Republic oligarchy in less than a decade.

But I digress. Let’s get into the heart of this post by showing how his railroad company, Burlington Northern Santa Fe, successfully lobbied to delay certain regulations.

From Reuters:

When an Amtrak passenger train derailed in Philadelphia in May, killing eight people and injuring scores more, the railroad industry’s campaign to delay a Dec. 31 deadline to install technology to prevent such disasters appeared to be finished.

Not, as it turned out, if billionaire investor Warren Buffett had anything to do with it.

Last week, under pressure from companies including Buffett’s BNSF Railway Co, which has spent more money lobbying Congress this year than any other railroad, U.S. legislators passed, and President Obama signed, a law that delays the so-called positive train control mandate for at least three years, with the possibility of an additional two-year delay.

That means railroad operators can put off having to buy and install equipment that safety advocates say would have prevented accidents that have claimed more than 245 lives and caused over 4,200 injuries since the National Transportation Safety Board began calling for the technology in 1969.

Warren Buffett’s BNSF, at $3.9 million, was the biggest spender among individual rail operators as railroads and allies including unions and regional transit authorities spent almost $25 million lobbying Congress on PTC and other issues, according to Senate documents.

Lobbying by shippers and other interests, including the U.S. Chamber of Commerce, drove total spending to almost $113 million over the course of the year. Records show that lobby spending jumped from about $18.5 million in the first quarter to $70 million in the third quarter as the push intensified.

First, Warren Buffett’s BNSF was the biggest spender in getting these regulations delayed, and second, one of the trains that derailed over the weekend was a BNSF train.

We learn from ABC News:

A Canadian Pacific Railway train derailed Sunday, spilling less than 1,000 gallons of crude oil and prompting evacuations in Wisconsin, the second day in a row a freight train derailed in the state.

Thirteen cars of an eastbound CP train went off the tracks around 2 p.m. in Watertown, in the southeastern part of the state, the railroad said. One tank car was punctured and leaked oil.

The incident came a day after a freight train derailed near Alma in western Wisconsin, spilling thousands of gallons of ethanol. BNSF Railway said crews continued Sunday to transfer ethanol from the derailed cars and get the cars back on the tracks.

The BNSF train derailed at 8:45 a.m. Saturday about two miles north of Alma, a town along the Mississippi River. Some of the 25 derailed cars were empty auto racks and tanker cars.

BNSF said railroad crews stopped the leaks from five tanker cars and placed containment booms along the shoreline. One tanker released an estimated 18,000 gallons of ethanol, and the other four released an estimated 5 to 500 gallons each.
And then, this morning…

*BNSF REPORTS FREIGHT TRAIN DERAILMENT IN DANVILLE, IOWA
So 3 trains in 3 days just a week after Buffett successfully lobbies for the delay of safety fixes for his railcars…
Read more at http://godfatherpolitics.com/18928/keystone-xl-pipeline-blocked-warren-buffett-says/#HWXHQvMuikIXTLAy.99

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About avirginiapatriot1776

I hope we have once again reminded people that man is not free unless government is limited. There’s a clear cause and effect here that is as neat and predictable as a law of physics: as government expands, liberty contracts. — Ronald Reagan
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