The Keystone pipeline would have competed with and undercut the price of oil developed from North Dakota’s Bakken oil fields, currently one of the fastest growing domestic sources of supply. It would have cut demand for Bakken oil by 100,000 barrels a day. To bring the Bakken oil to market, the main mode of transport to the refineries will have to be Burlington Northern/Santa Fe railroad. Berkshire Hathaway, the fund run by Warren Bufffet, just bought the that whole frikkin’ railroad.
Pretty nice that his buddy Presbo just quashed the competition. That oughta be worth a little campaign contribution.
Advertisements
Would seem a no-brainer to merge both the Canadian and North Dakotan oil into a single pipeline somewhere in the Dakotas. Just saying.
Just checked my site and noted that I have an ad included. Not my idea but not a service provider that I have any objection to. Wonder if that means that they think some folks are reading this regularly?
DP_ you are quite correct and speak with logic and insight. Means you will be ignored for as long as they can.