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View Diary: Memo to President Obama re: Keystone XL (10 comments)

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  •  The Koch bros will make tons of money (3+ / 0-)

    I thought they were persona non grata in the WH

    Koch company declared 'substantial interest' in Keystone XL pipeline

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    by Shockwave on Thu Mar 14, 2013 at 06:48:59 PM PDT

    •  These seems to be a charade of some type: (1+ / 0-)
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      I thought they were persona non grata in the WH
      since so many of the Obama Administration's policies are right up their alley.

      OTOH, this is a bit of a tough one because nixing the pipeline would send a huge chunk of business to Warren Buffet's railroads, which would definitely be bad optics on the part of the POTUS.

      Seems like he's really in a no-win situation on this one.

      •  The Koch bros and Buffet are night and day (0+ / 0-)

        I don't get it.  And I didn't know about the Buffet angle.  He is a billionaire that I like.

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        by Shockwave on Fri Mar 15, 2013 at 06:31:56 AM PDT

        [ Parent ]

        •  Here's a bit more information about that (1+ / 0-)
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          Bloomberg News Buffett Railroad Sees Crude Cargo Climbing 40%

          Burlington Northern Santa Fe LLC, the railroad owned by Warren Buffett’s Berkshire Hathaway Inc. (A), will boost crude-oil shipments by 40 percent this year, helping blunt a decline in coal cargo, Chief Executive Officer Matt Rose said.

          BNSF will spend “a couple hundred million dollars” on capital improvements to haul more petroleum to refineries from the Bakken shale formation in the northwestern U.S., Rose said in a telephone interview. Crude oil shipments will grow to 700,000 barrels daily by the end of this year, he said.

          Basically, that's the equivalent of the Keystone pipeline, but coming from the Bakken (where there were no pipelines, but that didn't inhibit development at all).

          The only thing inhibiting similar developments for shipping tar sands oil is the "threat" of pipeline development.

          So once Keystone is nixed (if it is) - railroads will kick in high gear like they did for the Bakken.  And Mr. Buffet (and others, too, of course) stand to benefit mightily from that).

          I don't think that means he is an evil person - he's just taking advantage of savvy business opportunities.

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