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Buffett’s Burlington Northern Among Winners From Keystone Denial – Bloomberg

by on January 24, 2012

Uh huh, the picture is becoming clearer…

Warren Buffett’s Burlington Northern Santa Fe LLC is among U.S. and Canadian railroads that stand to benefit from the Obama administration’s decision to reject TransCanada Corp. (TRP)’s Keystone XL oil pipeline permit.

‘With modest expansion, railroads can handle all new oil produced in western Canada through 2030, according to an analysis of the Keystone proposal by the U.S. State Department.

‘“Whatever people bring to us, we’re ready to haul,” Krista York-Wooley, a spokeswoman for Burlington Northern, a unit of Buffett’s Omaha, Nebraska-based Berkshire Hathaway Inc. (BRK/A), said in an interview. If Keystone XL “doesn’t happen, we’re here to haul.”’

http://www.bloomberg.com/news/2012-01-23/buffett-s-burlington-northern-among-winners-in-obama-rejection-of-pipeline.html

One Comment
  1. Unknown's avatar
    guitargod permalink

    if we could only harness the new energy source of “croneycorruption” spewing from the factory smokestacks of Obamaville we wouldn’t need the coal-nuke-oil or greenieweinies….

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