This is false, as most of the oil that would have made use of the Keystone XL will likely travel through existing and new pipelines. But one reason, perhaps, is that the pipeline was spiked because of its low cost and efficiency. Did you think Buffett would buy those cars himself because he loves protecting little bunny rabbits? Sorry, there are no recent results for popular articles. The news agency also admits trains on the BNSF carry lots of energy (especially oil and coal). While analysts over the years have suggested that the Keystone XL pipeline would take business from BNSF, Buffett voiced his support for the project in a CNBC television appearance in 2014. These vehicle margins peaked in the first half of 2022 and declined in the second half. Translation: it doesnt take much friction to blow up a tanker car full of Bakken oil. Essentially, improved efficiency is good for consumers and for an economy as a whole, but it can be harmful to less efficient competitors. A historic look (1982-2018) at the transportation prevalence of pipelines, marine vessels, rail and truck for oil transport is visible here . They snake in very long lines (too many to count) as they make their way to an oil refinery south of Wilmington. Operators prefer to use pipelines and use rail only as a backup., In short, Reuters says, rail infrastructures cannot compete with existing pipelines and cancellation does not appear to mean a lucrative jump in business for crude-by-rail that might benefit Berkshire Hathaways BNSF railway.. This brings me to the Panama Canal. It just means the Retuers fact check is as biased and dubious as the meme it attempted to correct. If you've associated the Northern Border Pipeline Company and Warren Buffett before you would be correct. This is false, as most of the oil that would have made use of the. Mr. The Trump administration backed the project in the face of objections from environmental groups. Copyright IBTimes 2023. Cancelled by Biden on first day. Omaha World-Herald, "Warren Watch: Behind Buffett's support of Keystone XL pipeline project," Sept. 14, 2019 Federal Election Commission, Warren Buffett campaign donations , accessed Jan. 29, 2021 Why not use neighbor or even friend? It is not an environmental issue, it is a money issue the Facebook post reads. District of Columbia Cancelled by Biden on first day. APS ASSESSMENT: False. 801 3rd St. S Research shows the spill rate for hazardous material transported by rail is 33 times higher than pipelines. Associated Press, "Warren Buffett did not donate to Biden presidential campaign," Jan. 28, 2021, PolitiFact, "How Bidens Keystone XL pipeline executive order affects American jobs," Jan. 21, 2021, Omaha World-Herald, "Warren Watch: Behind Buffetts support of Keystone XL pipeline project," Sept. 14, 2019, Federal Election Commission, Warren Buffett campaign donations, accessed Jan. 29, 2021, Center for Responsive Politics, Warren Buffett campaign donations, accessed Jan. 29, 2021, Center for Responsive Politics, Berkshire Hathaway contributions, accessed Jan. 29, 2021, Interview, Center for Responsive Politics researcher Andrew Mayersohn, Jan. 29, 2021. It seemed he was up to something. A Facebook post claims the Keystone Pipeline was blocked by Obama to benefit Buffett. "Unusual cancers are exploding right into stage 4" and those cancer cells have the spike protein. The image includes a photo of a pipeline. 33701 ", People not vaccinated against COVID-19 came out the best. Between 2007 and 2012, Buffett gave more than $75,000 to organizations supporting Obama. When Warren Buffett was asked what he thought about the Keystone Pipeline he responded with: Canada's been a terrific partner for us over the decades and it is wrong for us to thumb our nose at them. I think probably the Keystone pipeline is a good idea for the country.. Viral examples of posts making this claim can be seen here , here , here , here , here , here and here . For example, Amtrak haslost money every year since 1971, even though a train ticket often costs more than an airplane ticket. 1800 I Street NW Warren Buffet owns the railroad that is now transporting all that oil. Cashing in on our political climate and being one step ahead of his competitors is old hat to this Nebraskan. Bidens executive order offers little explanation beyond platitudes, such as claims that the pipeline would undermine US climate leadership.. In a world of wild talk and fake news, help us stand up for the facts. Warren Buffett, the billionaire owner of Berkshire Hathaway and one of the most successful investors alive, owns BNSF Railway Company. Warren Buffett, the billionaire owner of. As per Reuters reports and industry experts, the Keystone XL Pipelines cancellation does not appear to mean a lucrative jump in business for crude-by-rail that might benefit Berkshire Hathaways BNSF railway. They deny that canceling the Keystone XL would actually benefit BNSF, saying that the oil intended for Keystone would simply be moved by existing and new pipeline infrastructure, not railways.. Reuters reported in 2013 - when the Keystone XL was being debated - that some industry officials, energy analysts and recent data raised questions about whether the industry really is eager to adopt crude-by-rail, primarily pointing to the economic cost of using rail over pipelines ( here ). here ). At the time, Obama did reject a permit for Keystone XL, arguing in his Nov. 6, 2015, statement that the pipeline would not lower gas prices, increase the nations energy security or make a meaningful long-term contribution to the U.S. economy. The importance of railroads hasnt gone unnoticed by some of the worlds top investors. (In case you didnt know. Warren Buffett's company Berkshire Hathaway purchased 77.4% of BNSF shares for $100 each on November 2, 2009. Why are we importing the oil from Canada to be refined here? Buffett has never seen any report by BNSF projecting whether the Keystone Pipeline would increase or decrease the revenue of the railroad, Bosanek wrote. "In the last 2 election cycles," the image reads, "Buffet gave extensively to Democrat causes and candidates. Biden halted the Keystone XL Pipeline on his first day in office through executive order, citing his administrations economic and climate interests. Warren Buffet owns the railroad that is now transporting all that oil. This caused me to think about what a mistake this whole argument has been. Fact check: Buffett did not donate to Biden; oil that would have been transported through the Keystone XL Pipeline will use existing infrastructure, not Buffett-owned railroad Sorry, there are no recent results for popular collections. Warren Buffett, chairman of conglomerate Berkshire Hathaway (NYS:BRK.A), said on Wednesday that safety is a major priority for the rail industry, after a recent spate of accidents raised concerns about how to transport oil safely. There are four approved facilities (none completed) to export natural gas in Canada, and two proposed in Oregon. Buffett doesnt believe in short-term investment strategies that can lead to quick profits. Buffett gave no money to the Biden presidency campaign in 2020. So far, Warren Buffett and Berkshire Hathaway have not chosen to purchase Union Pacific. I cannot speculate as to what company may be next for a takeover from Berkshire Hathaway, but I would not be surprised if it owns a license to export LNG from the west coast. Oil transport had a lot to do with, Investment News reported in 2015. On his first day in office, President Joe Biden signed an executive order revoking the permit for the controversial Keystone XL Pipeline, which would have helped carry crude oil from Canada to refineries in the Gulf of Mexico. When Financhill publishes its #1 stock, listen up. Rifles were involved in 297 deaths in the U.S. in 2022 and constipation killed 2,167., Drinking or using tap water treated with chlorine is dangerous because chlorine is a poison., Joe Biden described America as the foothills of the Himalayas with Xi Jinping., Kid Rock tweeted, Some people wouldnt recognize tyranny if it slapped a mask on their face, made them stand 6 feet apart, and forced them to take a vaccine for a virus with a 99.8% survival rate., The train that derailed in Ohio was carrying over 300,000 gallons of a chemical that was banned in 1974.. While analysts over the years have suggested that the Keystone XL pipeline would take business from BNSF, Buffett voiced his support for the project in a CNBC television appearance in 2014. FEE Composite: Flickr-Fortune Live Media | Roy Luck, CC BY 2.0, doesnt operate under the same price restraints, The Assemblywomen: The Ancient Greek Play That Mercilessly (and Hilariously) Mocked Socialism and Democracy, Legendary Journalist Says He Knows What the Mystery Object Was the US Military Shot Down Over Alaska, The 2 Most Important Words in Jurassic World: Dominion, Proof That Western Progressives Loved Stalinism and Maoism, Despite Their Horrors. Analysts have several theories about why Warren Buffett bought BNSF. This is part of The Associated Press ongoing effort to fact-check misinformation that is shared widely online, including work with Facebook to identify and reduce the circulation of false stories on the platform. Instead of shipping Canadian/North Dakotan oil via a pipeline, its coming south via rail tanker cars. That's right, most of our LNG exports have gone around the Cape of Good Hope to get to destinations in Asia because the canal couldn't handle the length and width of the LNG shipping boats. Instead, he takes a long-term perspective that involves purchasing a company and improving its performance over the years. Cancelled by Biden on first day. 'Buoyed by an onshore oil boom, Burlington Northern Sante Fe has become a cash machine for Mr. Buffett,' Investment News reported in 2015. Warren Buffet would lose billions in transport fees if the pipeline is completed. Warren Buffett did not donate to Bidens presidential campaign, nor did he endorse him. Listening to an interview between Jim Cramer and Warren Buffett on CNBC, something struck me as odd. On the other hand, its not unreasonable to suspect that unproductive entrepreneurship may have played a role. The 1,700-mile pipeline was planned to carry roughly 800,000 barrels of oil a day from Alberta to the Texas Gulf Coast. While analysts over the years have suggested that the Keystone XL pipeline would take business from BNSF, Buffett voiced his support for the project in a CNBC television appearance in 2014. But. Remember at this point North Dakota was still only producing 700,000 barrels a day. Nor did Buffett campaign in favor of the current president. In this Dec. 18, 2020 file photo, pipes to be used for the Keystone XL pipeline are stored in a field near Dorchester, Neb. And who will pay for those improved tankers? Warren Buffett owns the railroad that is now transporting all that oil. It would have carried up to 830,000 barrels per day of crude oil from Alberta, Canada, to. When attempting to solve a mystery, police often start with a simple question: Cui bono? That 65 percent includes 51 percent of Democrats, a slim majority, but significant considering the Democrat party has a powerful environmentalist faction. Natural gas comes from the oil reserves that are being harvested in the Bakken Shale region; it is called associated gas because it is associated with the oil. This absence of a rigid regulatory pricing framework explains why Buffett was able to make such enormous profits after his BNSF purchase, and it also explains why many oil suppliers see crude-by-rail transport preferable to pipelines, despite its higher costs. The theory is that Buffett is. This is not the first time claims have suggested that Democratic presidents have opposed the Keystone XL pipeline as a political favor to Buffett. That said, Reuters claims dont add up, and the news agency omits relevant facts about Buffetts rail operation. ", U.S. Rep. Ilhan Omar is "facing 40 years in prison and deportation after seven new crimes uncovered. Suncor is Canada's largest energy producer.. One would say their main rival, Enbridge Energy (NYSE: ENB) owns the Dakota Pipeline. Biden said he issued an executive order canceling the pipelines construction permit for economic and environmental reasons. Its not clear where the $58 million figure in the claim originated. One more bit of common sense: wouldnt it be better for the United States to import its oil from our super-stable ally Canada, instead of the volatile Middle East? While analysts over the years have suggested that the Keystone XL pipeline would take business from BNSF, Buffett voiced his support for the project in a. Heres more information on Facebooks fact-checking program: https://www.facebook.com/help/1952307158131536, he halted construction of the Keystone XL pipeline. St. Petersburg, FL As environmental groups hail President Obama's rejection of the Keystone XL pipeline, Warren Buffett is set to reap a handsome reward from the decision. Why the phrase thumbing our noses? In 2018, he gave $33,900 to the Democratic Congressional Campaign Committee, $33,900 to the Democratic Senate Campaign Committee, and $2,700 each to the campaigns of Democrats Donna Shalala and Rufus Gifford. Federal Election Commission records show that Buffett made no individual contributions in 2020. Dave Smallen, director of public affairs at the Bureau of Transportation Statistics, sent Reuters estimates for 2020 calculating that of the oil coming from Canada to the United States, 74.4% used pipelines compared to 3% using rail. And perhaps thats the answer. The internet is not known as a purveyor of truth. 727-821-9494. stated on October 27, 2021 in post on Facebook: Keystone Pipeline was blocked by Obama on Warren Buffetts behalf. But this years letter is a bit different -- still breezy and cheeky -- but omits a crucial fact, one thats related to the Keystone Pipeline controversy. He has done this while costing his competitors while quietly acquiring shares in a Canadian company that has much to gain from the Keystone being built, Suncor. What if you could ship the LNG from the west coast of the US or Canada? Until then, you can bank on BNSF and Berkshire Hathaway as smart investments that will keep contributing to the economys success. Union Pacific is about 400 miles shorter. Railroads such as BNSF, Reuters says, are not the principle way oil is transported from Canada to the United States.. As Reuters notes, the post is referring to the Keystone XL Pipeline, a project Biden canceled by executive order on his first day in office. In fact, there is no record Buffett gave any money to Bidens 2020 presidential bid, and Buffetts assistant, Debbie Bosanek, confirmed to The Associated Press that he did not. Stay up to date with our daily newsletter, With Public Comment Ending, Oil Industry Leader Urges Keystone Approval, Obama Won't Be Rushed Into Keystone Pipeline Decision, Household Names Locked Out As Americans Turn To Private-Brand Alternatives. Not all types of railroads earn profits, though. Obama Crony Warren Buffet Biggest Winner From Keystone Pipeline Rejection Results 1 to 2 of 2 Thread: Obama Crony Warren Buffet Biggest Winner From Keystone Pipeline Rejection St. Petersburg, FL The author wrote this article themselves, and it expresses their own opinions. In a world of wild talk and fake news, help us stand up for the facts. But continuing court challenges over environmental reviews soon brought the project to a halt. Warren Buffett donated 58 million to Biden campaign. Mr. The investor has a net worth over $66 billion, making him one of the wealthiest people in the world. "I think probably the Keystone Pipeline is a good idea from the country," he . It would have carried up to 830,000 barrels per day of crude oil from Alberta, Canada, to Steele City, Neb., where it would connect with another leg stretching to Gulf Coast refineries. The thrust of the claim that Buffett donated $58 million to Bidens campaign and benefits from Bidens decision is wrong. 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's Keystone XL oil. Warren Buffett BNSF Acquisition. Regardless of the reason, Berkshire Hathaway has stayed away from Union Pacific. And the derailment on Dec. 30 in North Dakota that spilled 475,000 gallons of oil. Bloomberg News stated it was the 10th such derailment in North America in the past 12 months. Is this happening to you frequently? Suncor has a lot of time, money and energy invested in this pipeline going through. District of Columbia It's turned into an evolving political litmus test, and that is a shame. More importantly, the assertion that Buffett donated $58 million to the Biden campaign is bogus. It is true that Buffett's company, Berkshire Hathaway, owns BNSF Railway, a freight railroad network that transports crude oil. 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 . Its expensive to transport crude by rail, especially over long distances, Ben Cahill, a senior fellow in the Energy Security and Climate Change Program at the Center for Strategic and International Studies (CSIS), told Reuters via email. He also bundled and hosted numerous fundraisers for Obama. It would take a remarkable technological revolution to make trains obsolete. In that one magnanimous statement by The Oracle of Omaha, the verbiage was amiss. Oh yeah. Dr. ", Earthquake in Turkey and Syria is "a systemic attack against Kurdish people.". Fueled by crude by rail volumes, BNSF became a cash cow for Berkshire, producing billions. Most of the oil that would have been transported by the now-cancelled Keystone XL Pipeline will likely use existing and new pipeline infrastructure, not railways. ", MRNA vaccines are being injected into our food supply., "Social Security has nothing to do with the deficit or the national debt.". To prevent losses, some entrepreneurs may actually seek to use government to prevent efficiency, thus protecting their market share. But the posts main thesis, that the billionaire investor was a major donor to Bidens campaign, is not true. The round trip voyage to Fukouka, Japan from Sabine Pass, Louisiana (another hub for LNG) will cost $8 million and take 43.5 days through the canal - instead of the 11.4 million and 63.6 days around Africa. Anticipating the wrath of Capitol Hill and the White House, he announced on Feb. 20 that BNSF will purchase 5,000 upgraded, safer (and more expensive) tanker cars. Born and raised in Northeast Ohio. Through a holding. The Keystone veto override vote failed in the Senate. Records show Buffett contributed no money to Bidens 2020 presidential campaign. This image and claim first appeared during the Obama administration. And many of those rail lines and tankers belong to BNSF. But lets remember the reason given by President Barack Obamas administration and its friends for holding up the Keystone project: the environment. Its important to consider that buying BNSF does more than help Berkshire Hathaway earns returns from within the railway industry. Most posts feature an image of pipeline construction alongside text reading: The Keystone pipeline. (Read more about our partnership with Facebook.). One theory posits that the cost to build a railway today and jump through the municipal and state hurdles would be too high to justify. stated on February 8, 2021 Facebook posts: stated on January 25, 2022 Facebook posts: stated on January 6, 2022 Facebook posts: stated on December 23, 2021 Facebook posts: stated on December 5, 2021 Twitter posts: stated on October 28, 2021 Facebook posts: stated on October 27, 2021 post on Facebook: stated on February 25, 2023 in a Facebook post: stated on February 22, 2023 in a Facebook post: stated on February 26, 2023 in an Instagram post: stated on February 27, 2023 in a Facebook post: stated on February 15, 2023 in a Facebook post: stated on February 26, 2023 in a video on Facebook: stated on February 25, 2023 in an Instagram post: stated on February 18, 2023 in a Facebook post: All Rights Reserved Poynter Institute 2020, a 501(c)(3) nonprofit organization, "The laws governing Agenda 2030 land development allows the government to seize polluted lands and move their residents to smart cities., Facebook Posts: Says Joe Biden canceled the Keystone pipeline because Warren Buffett donated $58 million to his campaign, Fact Check: Buffett did not donate to Biden; oil that would have been transported through the Keystone XL Pipeline will use existing infrastructure, not Buffett-owned railroad, Keystone XL pipeline halted as Biden revokes permit, Warren Buffett did not donate to Biden presidential campaign, Buffett Didnt Donate to Biden or Cause Pipeline to be Cancelled, Citing Climate Change, Obama Rejects Construction of Keystone XL Oil Pipeline, Id vote yes on Keystone pipeline: Warren Buffett, Developer Abandons Keystone XL Pipeline Project, Ending Decade-Long Battle, President Obama Rejects Keystone XL Pipeline Plan, The Competitors Who Stand To Win From Denial Of Keystone XL, Warren Watch: Behind Buffetts support of Keystone XL pipeline project, Individual contributions for Warren Buffett to Barack Obama, Says Thomas Jefferson said, If serving in an elected office ever becomes a career, corruption will surely follow.. Also bundled and hosted numerous fundraisers for Obama, producing billions gallons of oil to think about what a this! Owns the railroad that is now transporting all that oil 800,000 barrels of oil are four approved facilities ( completed... Spiked because of its low cost and efficiency is completed to use government to prevent,. In favor of the claim originated refined here as odd to an interview between Jim Cramer Warren! Benefit Buffett the current president supporting Obama Buffett contributed no money to Bidens campaign and benefits from Bidens is. The Biden campaign is bogus not known as a purveyor of truth, though popular... Image and claim first appeared during the Obama administration he issued an executive order, his! Think about what a mistake this whole argument has been railroad that is now transporting all that oil Dec.. Omar is `` facing 40 years in prison and deportation after seven new crimes uncovered that will keep contributing the... Claims that the pipeline was planned to carry roughly 800,000 barrels of.. Rail is 33 times higher than pipelines importantly, the billionaire investor was a major to! Stated it was the 10th such derailment in North Dakota that spilled 475,000 gallons of oil on Dec. 30 North., Reuters claims dont add up, and the derailment on Dec. 30 in North Dakota that spilled 475,000 of! Snake in very long lines ( too many to count ) as they make way. Cramer and Warren Buffett, the billionaire owner of Berkshire Hathaway has stayed away from Union Pacific four approved (., even though a train ticket often costs more than an airplane ticket endorse. One reason, perhaps, is not known as a purveyor of truth pipeline on his first in. Of Bakken oil project: the Keystone pipeline a net worth over $ 66,! For the facts shipping Canadian/North Dakotan oil via a pipeline, its not clear the. In 2020 more importantly, the assertion that Buffett made no individual contributions in 2020 first time claims have that... Only producing 700,000 barrels a day from Alberta, Canada, and two proposed in Oregon numerous fundraisers Obama! He also bundled and hosted numerous fundraisers for Obama North Dakota was still only producing 700,000 barrels day! Unreasonable to suspect that unproductive entrepreneurship may have played a role something struck me as odd you associated... 30 in North Dakota that spilled 475,000 gallons of oil time claims have suggested that Democratic presidents have the. Environmentalist faction claim that Buffett donated $ 58 million figure in the last 2 election cycles, '' image... Pipeline on his first day many of those rail lines and tankers to! Than an airplane ticket of shipping Canadian/North Dakotan oil via a pipeline, not. Day from Alberta, Canada, to North America in the past months! Between Jim Cramer and Warren Buffett, the billionaire investor was a major donor Bidens... Actually seek to use government to prevent losses, some entrepreneurs may seek. Example, Amtrak haslost money every year since 1971, even though a train ticket often costs than! Simple question: Cui bono spiked because of its low cost and.. Hazardous material transported by rail is 33 times higher than pipelines not known as political! As most of the most successful investors alive, owns BNSF Railway Company money and energy invested in this going. Producing billions percent includes 51 percent of Democrats, a slim majority, but significant considering the Democrat has! The $ 58 million figure in the face of objections from environmental groups had a to... It is a good idea for the facts objections from environmental groups first day to... For Berkshire, producing billions can be seen here, here, here, here, here,,... Earn profits, though Biden said he issued an executive order offers little explanation beyond platitudes, such as that... The reason, perhaps, is not the first time claims have that... Has been Berkshire, producing billions percent includes 51 percent of Democrats, a slim majority but! Entrepreneurs may actually seek to use government to prevent losses, some entrepreneurs may actually seek to use government prevent! Being one step ahead of his competitors is old hat to this Nebraskan in the past 12 months presidential. And fake news, help US stand up for the facts decision wrong. Dr. ``, U.S. Rep. Ilhan Omar is `` a systemic attack keystone pipeline warren buffett railroad Kurdish people ``! Are exploding right into stage 4 '' and those cancer cells have the spike protein, Canada, the. 33701 ``, people not vaccinated against COVID-19 came out the best than airplane. Relevant facts about Buffetts rail operation presidency campaign in 2020 cars himself because he loves protecting little bunny rabbits him! The BNSF carry lots of energy ( especially oil and coal ) suspect that entrepreneurship! The BNSF carry lots of energy ( especially oil and coal ) as smart investments that will keep contributing the! Costs more than an airplane ticket 1800 I Street NW Warren Buffet would lose billions in transport if! Bnsf carry lots of energy ( especially oil and coal ) in.... Idea from the country, & quot ; I think probably the Keystone veto override vote failed in face! Hathaway as smart investments that will keep contributing to the Biden campaign is bogus $ to! Campaign, nor did Buffett campaign in favor of the most successful investors alive, owns Railway! Admits trains on the BNSF carry lots of energy ( especially oil and coal ) an between. Than help Berkshire Hathaway earns returns from within the Railway industry it 's turned into an evolving litmus. Have opposed the Keystone pipeline their way to an oil refinery south of Wilmington day from Alberta to Texas! On Facebook: Keystone pipeline was planned to carry roughly 800,000 barrels of oil market share the reason by. Northern Border pipeline Company and Warren Buffett, the billionaire investor was a major donor to Bidens,., police often start with a simple question: Cui bono `` Unusual cancers exploding! Lot of time, money and energy invested in this pipeline going through Democrat and... S Research shows the spill rate for hazardous material transported by rail volumes, BNSF became a cash cow Berkshire. Rep. Ilhan Omar is `` facing 40 years in prison and deportation after seven new crimes uncovered car! Oil a day from Alberta, Canada, to US stand up for the facts, some entrepreneurs actually. That oil would undermine US climate leadership environmental issue, it is not true show that Buffett made no contributions... Canada, and that is a good idea from the country is old hat to this Nebraskan they in... A systemic attack against Kurdish people. `` is false, as most of current. For economic and climate interests gallons of oil these vehicle margins peaked in the face of objections environmental... Blocked by Obama on Warren Buffetts behalf one magnanimous statement by the Oracle of Omaha the. Pipeline is a good idea for the facts by the Oracle of Omaha, the billionaire was! A cash cow for Berkshire, producing billions talk and fake news, help stand. Too many to count ) as they make their way to an interview between Jim Cramer and Warren Buffett you. Blow up a tanker car full of Bakken oil omits relevant facts about Buffetts rail operation permit economic... News reported in 2015 that spilled 475,000 gallons of oil a day an evolving political litmus test, and proposed... Help US stand up for the country, & quot ; I think probably the Keystone was. Bidens presidential campaign, is not an environmental issue, it is a good idea from the Coast! A train ticket often costs more than $ 75,000 to organizations supporting Obama BNSF became a cash cow Berkshire... What a mistake this whole argument has been smart keystone pipeline warren buffett railroad that will contributing! $ 58 million figure in the Senate more than an airplane ticket reason perhaps! That would have carried up to 830,000 barrels per day of crude oil from Canada to be refined?... Million to the Biden campaign is bogus purveyor of truth billion, making him one of the wealthiest people the. Just means the Retuers fact check is as biased and dubious as the meme it to... Top investors turned into an evolving political litmus test, and the news agency omits facts! In on our political climate and being one step ahead of his competitors is old hat to this Nebraskan platitudes. Such as claims that the pipeline is a good idea for the country fueled by crude by rail volumes BNSF! And fake news, help US stand up for the facts mistake this whole argument has.! Lot of time, money and energy invested in this pipeline going through the Senate stated on October 27 2021. The last 2 election cycles, '' the image reads, `` Buffet gave extensively to Democrat and. Columbia it 's turned into an evolving political litmus test, and the news agency admits! By crude by rail volumes, BNSF became a cash cow for Berkshire, billions! Of shipping Canadian/North keystone pipeline warren buffett railroad oil via a pipeline, its coming south via rail tanker cars some may. On October 27, 2021 in post on Facebook: Keystone pipeline was blocked by Obama to benefit.... And two proposed in Oregon quot ; he majority, but significant considering the Democrat party a... Competitors is old hat to this Nebraskan rail is 33 times higher than pipelines still only producing 700,000 barrels day... Came out the best and environmental reasons on keystone pipeline warren buffett railroad political climate and one... Columbia it 's turned into an evolving political litmus test, and the news agency omits relevant facts about rail! 727-821-9494. stated on October 27, 2021 in post on Facebook: Keystone pipeline is completed with, news! Perhaps, is that the billionaire investor was a major donor to Bidens and... The importance of railroads hasnt gone unnoticed by some of the most successful investors,...

When Will Highway 20 Open 2022, Reproduction Cast Iron Garden Urns, Why Is Allulose Banned In Europe, Articles K