Following The Money On The Keystone Pipeline


My reason for supporting the Keystone Pipeline is that it will provide a source of energy for America that is based in North America and provided by someone that actually likes America. To me, that is a security consideration and should be considered. However, there are also some very interesting reasons for blocking the pipeline–none of which have any relationship to the environment.

John Hinderaker posted an article at Power Line today entitled,”Blocking the Keystone Pipeline: Who Benefits?”

Mr. Hinderaker points out:

If the Obama administration holds firm on blocking Keystone, the big loser will be TransCanada Corporation. But who will the big winners be? American railroads:

And of them, the biggest winner might just be the Burlington Northern Santa Fe, which is owned by Berkshire Hathaway, the conglomerate controlled by Obama supporter and Omaha billionaire Warren Buffett. In December, the CEO of BNSF, Matthew Rose, said that his railroad was shipping about 500,000 barrels of oil per day out of the Bakken Shale in North Dakota and that it was seeking a permit to send “crude by rail to the Pacific Northwest.” He also said the railroad expects to “eventually” be shipping 1 million barrels of oil per day.

Isn’t it an incredible coincidence that Warren Buffet, one of President Obama’s biggest supporters, will benefit greatly if the pipeline is stopped. Who will lose? American workers who need jobs.

The article points out that because the oil from Canada can be transported by rail (instead of pipeline), American refineries are already being built to handle the increased amount of oil. Stopping the pipeline has no impact on the flow of oil–only on the way it is transported. Therefore, stopping the pipeline has no impact on the environment–in fact the pipeline probably has a lower carbon footprint than the railroad!

This story is another example of why you should never assume that the mainstream media is actually reporting the news. That’s why we need the Internet!


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