Quo vadis (who profits?)

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.

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About drrik

3rd career and 2nd childhood. Spends spare time repairing old things. Aspires to burn more gasoline, gunpowder, and ink in pursuit of slowing down. Child of the 60s and aspiring student of history. No desire to see us repeat the failed social experiments that keep failing for lack of human beings that meet the left wing standards and have to be killed off. Did engineering long enough to realize that very little is new and the wheel does not need to be reinvented.
This entry was posted in economy, election, mainstream media, Obama, socialism and tagged , , , , , . Bookmark the permalink.

2 Responses to Quo vadis (who profits?)

  1. thedrpete says:

    Would seem a no-brainer to merge both the Canadian and North Dakotan oil into a single pipeline somewhere in the Dakotas. Just saying.

  2. drrikdrrik says:

    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.

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