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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.
The decision on the pipeline is merely delayed and Obama noted that they could re-apply. Those aren't the words of someone trying to give money to Buffet. Incidentally, Buffet gave away $30B to charity not so long ago. Whatever he'd make out of railroads would be a pittance to him.
Sanrene you're always drawing straws here. How about you start posting things which you can actually back up. Your emotions tell you Democrats bad so you just look at anything to whine about. It's sort of sad. Someone needs to get out of the house more.
Sanrene you're always drawing straws here. How about you start posting things which you can actually back up. Your emotions tell you Democrats bad so you just look at anything to whine about. It's sort of sad. Someone needs to get out of the house more.
Well, shoot. I couldn't rep you........but I totally agree.
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