Investor Warren Buffett is presented with the 2010 Medal of Freedom by U.S. President Barack Obama during an East Room event at the White House February 15, 2011 in Washington, DC. Obama presented the medal, the highest honor awarded to civilians, to twelve pioneers in sports, labor, politics and arts. (February 14, 2011 – Photo by Alex Wong- Zimbio)

Warren Buffet’s Burlington Northern Santa Fe LLC will benefit greatly by Barack Obama’s decision to nix the Keystone Pipeline from Canada.
Bloomberg reported:

Warren Buffett’s Burlington Northern Santa Fe LLC is among U.S. and Canadian railroads that stand to benefit from the Obama administration’s decision to reject TransCanada Corp. (TRP)’s Keystone XL oil pipeline permit.

With modest expansion, railroads can handle all new oil produced in western Canada through 2030, according to an analysis of the Keystone proposal by the U.S. State Department.

“Whatever people bring to us, we’re ready to haul,” Krista York-Wooley, a spokeswoman for Burlington Northern, a unit of Buffett’s Omaha, Nebraska-based Berkshire Hathaway Inc. (BRK/A), said in an interview. If Keystone XL “doesn’t happen, we’re here to haul.”

The State Department denied TransCanada a permit on Jan. 18, saying there was not enough time to study the proposal by Feb. 21, a deadline Congress imposed on President Barack Obama. Calgary-based TransCanada has said it intends to re-apply with a route that avoids an environmentally sensitive region of Nebraska, something the Obama administration encouraged.

No wonder he supports Obama’s disastrous economic policies.

 

 

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  1. Where is John Galt

  2. With modest expansion, railroads can handle all new oil produced in western Canada through 2030, according to an analysis of the Keystone proposal by the U.S. State Department.

    Wouldn’t the construction required to expand the railroads have just as large of an environmental impact as the construction of a pipeline. Not to mention, rail requires the use of more energy to transport the oil than a pipeline would. Additionally, don’t trains derail and rail tankers leak.

    It is just like the exploding lithium ion batteries in the Volt or mercury in the CFL light bulbs. The protection of the environment is not what is driving these laws and regulations, it is crony corporatism.

  3. Crony capitalism isn’t capitalism.

  4. I knew there had to be a reason

  5. Hasn’t Obama been repaying his donors anyway. All along his presidency he has favored the wealthy of the wealthiest in order to continue his campaign.

    Obama talks about help the middle class. Yet, Buffet and Soros are two of his best pals. I am just saying that favors for Billionaires as the nation’s middle class struggles for work. So, what help is he talking about when he invest his time in chumming up to these two.

    Buffet has had success, why is it so hard to help the jobless? Dragging Americans down. And this statement, “what People bring us we’re ready to haul” How about a whole lot of BS.

  6. It’s an Obama world, bought and paid for by the 1%. Hey occupiers! See the hopelessness in your cause? The very guy you support is the biggest benefactor by the entities you are protesting. Talk about hypocrisy on a Herculean scale!

  7. Oh ho! This is absolutely no surprise.
    Nothing Obama is involved in is capitalism. This is wealth for a very few while they spread anything the little people have around.
    Keystone is going to be a tough campaign issue for the Bamster.

  8. The mathematical proof that Obama is evil.

    For this we know this truth to be true. Time = Money As without time we have no money, and without money we have no time.

    Over the past 4 years (Time) we have incrued a 4.5 Trillion dollar (money) deficit because of Obama. Thus we have Time * Money = Obama. Now we given our truths we have Time which is now Money so we get Money^2. Money^2 = Obama. Now we also know that Money is the root of all evil. So we have Money = sqrt(evil). Now we have Money^2 = Evil. Substitue Money^2 for Obama and voila. The mathematical proof that Obama = Evil.

  9. ++

    Obama is doing all he can to assure “the
    rich get richer”
    adage is never aborted..

    /s/

    ==

  10. Wish one of Zeros cronies would “scratch my back.” Wake up, Occupoopers, the Emperor is playin’ ya.

  11. Obama Speech to Embrace Manufacturing for Job Creation

    http://www.bloomberg.com/news/2012-01-24/obama-s-state-of-union-to-embrace-manufacturing-rebirth-for-job-creation.html

    Read more @ Link
    Gov. Mitch Daniels of Indiana will give rebuttal after.

    Obama has some 11 Solyndra failures, while the pipeline in right there, Obama is a disgrace. And rich men get richer while America suffers.

    This sounds like what Santorum has been talking about.

    My question is EX pipeline, they said 20,000 jobs but there are more than that when considering jobs that will stem from this pipeline.

  12. #3 January 24, 2012 at 8:43 am
    valerie commented:
    Crony capitalism isn’t capitalism

    ::::::::::::::
    Exactly. Capitalism is not what’s wrong here. CRONYISM – government connections, sweethert deals … that’s screwing capitalism and the free markets.

  13. If you had read “Throw Them All Out”, you would have seen this coming.

  14. OT
    sorta

    5 Million missing jobs haunt Obama’s state of the union address.

    http://www.globalwarming.org/2012/01/23/five-million-missing-jobs-haunt-obamas-state-of-the-union-address/

  15. How long will it be before Obama awards George Soros with the Medal of Freedom?

    The two of them have certainly “piped” a lot of our money to Brazil to help the people of that country with their economic freedom.

  16. ++

    valerie #3 January 24, 2012 at 8:43 am

    wanumba #12 January 24, 2012 at 9:16 am

    thanks for noting..

    from now on i will try and remember to include the definition of
    crony capitlaism
    for those sorely lacking comprehension skills..

    ==

  17. Anyone remember when our Captains of Industry had balls in their pants instead of balls in the President’s mouth?

  18. ++

    re: #9 January 24, 2012 at 8:57 am bg

    The largest banks are actually bigger than they were when he took
    office. And earned more in the first two-and-a-half years of his term
    than they did during the entire eight years of the Bush administration.

    ==



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