Agent 6, a disinterested but not uninterested observer of the oil biz, passed on some thoughts on President Obarmy's continuing opposition to the proposed Keystone oil pipeline. His sycophants and the enviroweenies would like to believe that his motives are pure and noble and rooted in a desire to save Mother Earth from unspeakable environmental catastrophe, but that analysis should be taken with several large bags of salt. This picture tells you why.
Haven't made the connection yet? Well, this is how 80% of the crude oil coming south from Canada reaches the American midwest and Texas, at present. It's either carried in tankers of the Burlington Northern Santa Fe Railroad (seen here passing through Burlington, Iowa), or in those of other short line railroads who pay BN to use its tracks.
Burlington Northern charges about $30 per barrel to haul the oil. But according to the State Department's own estimates, the cost using the Keystone pipeline would be just $10 per barrel. If the pipeline were operating right now, Americans would be paying about 15% less for gasoline!
So why wouldn't the Prez go for it? Here's why. Burlington Northern is owned by Berkshire Hathaway -- Warren Buffet, Prop. Mr. Buffett is a known (and mighty generous) supporter of Democrats and Democratic [with a capital D. Ed.] causes. He's also (in spite of everything) a big fan of Mr. Hopey-Changey, and has hosted several major fundraisers on his behalf.
Got it now? If the Keystone pipeline goes through, Warren Buffett will lose a cool two billion dollars ($2,000,000,000) per year. He gains the same amount every year that the construction of Keystone is delayed. Anyone who believes that this has nothing to do with Obama's stonewalling is invited to contact me for details of some land I have for sale in central Florida.
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