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Tuesday, November 10, 2015

Buffet's Profit Is The Reason That Obama Etal Rejected Keystone Pipeline!

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From Zero Hedge:
Back in March 2013 we wrote a post presenting “the new US petroleum pipelines” in which we explained “why crony capitalist #1, the “rustic” Octogenarian of Omaha, and Obama tax advisor #1, Warren Buffett has been aggressively attempting to corner the railroad market, while the administration relentlessly refuses to allow assorted new, and very much competing petroleum pipelines from America’s neighbor to the north to cross through the US.” The answer was shown on the chart below which showed the exponential increase in petroleum rail car loadings

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