Keystone XL pipeline denied to aid Buffett?
Winningreen Issue Alert A012412
Keystone XL pipeline denied by Obama to help billionaire Warren Buffett vs laborers?
By Gretchen Randall
Date: January 24, 2012
Issue: Ever wonder why President Obama would deny a permit to build a pipeline to haul oil from Canada to the U.S. thereby creating shovel-ready jobs for about 20,000 laborers? Now comes news that 75% of the shale oil produced in North Dakota’s Bakken region is currently shipped via the Burlington Northern Santa Fe LLC railroad, owned by Warren Buffett’s Berkshire Hathaway company. If the pipeline were built, the oil from North Dakota would be shipped to the Gulf refineries via the pipeline because it costs less ...at Buffett’s expense.
According to the Institute for Energy Research’s Tom Pyle, Obama’s rejection of the Keystone XL pipeline is causing American consumers to “spend nearly $5 billion on overseas oil when we could be developing and utilizing our own vast resources in North America.” Pyle claims that the U.S. has enough oil to fuel our present needs for the next 250 years.
So, if you watch the State of the Union speech tonight, you may see Warren Buffett’s secretary sitting with Michelle Obama while the president demands higher taxes on those earning over $200,000. We venture to predict he will not mention that his decision hurt American laborers while helping billionaire Buffett and his railroad.
Comment: It would appear Obama is the ultimate crony capitalist... and hypocritical liar.
Comment: Hope everyone enjoys the State of Obama’s Union address tonight.
Links: Read about it here and the IER website here.
Contact: Gretchen Randall