No account yet?
Subscription Options
Subscribe via RSS, or
Free Email Alert

Sign up to receive a daily e-mail alert with links to Dallas Blog posts.

New Site Search
Bill DeOre
Click for Larger Image
Dallas Sports Blog
Local Team Sports News
The Official Site of the Dallas Mavericks
TEX Homepage News

A feed could not be found at

Stars Recent Headlines
Good News Dallas
Democrat Warren Buffet Profits from Keystone Closure Print E-mail
by Tom McGregor    Mon, Jan 23, 2012, 07:23 PM
Big-time Democratic donor Warren Buffet, a billionaire railroad tycoon, will reap a major cash infusion after President Barack Obama canceled construction of TransCanada's oil pipeline from Alberta, Canada to the Texas' Gulf Coast.

The San Francisco Chronicle reports that, "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.'s Keystone XL oil pipeline permit."

Apparently, Mr. Buffet expanded his railroad in anticipation of Obama's decision to cancel the Keystone pipeline. Now, his railroad can supposedly handle all new oil produced in western Canada through 2030, as disclosed by an analysis of the Keystone proposal by the U.S. State Department.

Krista York-Wooley, a spokeswoman for Burlington Northern, a unit of Buffet's Omaha, Nebraska-based Berkshire Hathaway Inc., said in interview that, "whatever people bring to us, we're ready to haul … since “Keystone XL doesn't happen, we're ready to haul."

According to the San Francisco Chronicle, "the State Department denied TransCanada a permit on Jan. 18, saying there was not enough time to study the proposal by Feb. 21, a deadline Congress imposed on President Barack Obama. Calgary-based TransCanada has said it intends to re-apply with a route that avoids an environmentally sensitive region of Nebraska, something the Obama administration encouraged."

To read the entire article from the San Francisco Chronicle, link here:

This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
Share This Story on Facebook
Comments (2)add comment
written by Doug P , January 24, 2012

Absolute power corrupts!

written by antares , January 27, 2012

"Power tends to corrupt and absolute power corrupts absolutely." -- John Dalberg Acton

With respect, Lord Acton was mistaken. The truth is thus:

Immunity from consequences corrupts.

Write comment
smaller | bigger

< Prev   Next >