Keystone XL decision will make Buffet richer

[Quantum Windbag]

Interesting coincidence, don't you think?

"There is no question that oil by rail or truck is much more dangerous than a pipeline, but then again, you have to have adequate time and you have to site a pipeline appropriately or you're just asking for trouble," Schafer said.

"There is no good solution to the oil transportation problem and it's frustrating," he said. "What we need is to develop other energy sources other than fossil fuels."

Mile-long trains laden with North Dakota crude began running in 2008 when the state first reached its shipping capacity with existing pipelines and infrastructure, said Justin Kringstad, director of the North Dakota Pipeline Authority.

Rail shipments now account for about one-quarter of the more than 510,000 barrels produced daily in North Dakota and will increase exponentially with increased oil production and the shortage of pipelines, Kringstad said.

"If the (Keystone XL) is blocked or delayed, we still have to meet our transportation needs," Kringstad said. "It's pretty simple."

BNSF Railway Co. hauls about 75 percent of the oil that currently leaves North Dakota by train, Kringstad said.

More ND oil will be railed with no US pipeline - CBS News

 

[Avatar4321]

You mean Obama made that decision on the pipeline that's now not going to hire countless American workers, and Buffet is making money? Get out of town! That's got to be a complete coincidence.