I wrote about it last night, but the story of how Obama crony Warren Buffett and his Burlington Northern railroad could be the biggest beneficiary of the administration’s decision to spike the Keystone XL pipeline is now making bigger waves as Zero Hedge has picked up the thread:
As it turns out, it is not just natural resources and aquifer purity that Obama had in mind when sealing the fate of the Keystone XL pipeline. No – it appears there were far more relevant numerial metrics that determined Obama’s decisions. Such as the bottom line number of Buffett’s Burlington Northern, which according to Bloomberg, 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. ‘“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.” And quite delighted to reap the windfalls of unfounded populist fears she forgot to add.
You read it here first.
If I happened to be running a Republican senatorial campaign, I’d be all over this angle as it combines the worst of DC in an easy to understand package.
(HT: Mrs. Leahy)
