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Author	Topic: Burlington Northern Santa Fe Railroad may be the big winner in Keystone debate	Post a Reply Back to Topics

PD Moderator	Message Posted: Jan 24, 2012 11:07:02 AM Ignore PD Report Abuse Burlington Northern is among the U.S. and Canadian railroads that stand to make huge gains from the Obama Administration's decision to reject the Keystone Pipeline permit. That railroad is a unit of Warren Buffett's Berkshire-Hathaway Inc., and Bloomberg Business News is reporting that the railroad is well positioned to carry the oil. According to the State Department report on Keystone, "The rail option, though costlier, would lessen the evironmental impact such as loss of wetlands and agricultural productivity, compared to the pipeline. Railroads too present environmental issues. Moving crude on trains produces more global warming gases than a pipeline. Gas emissions would be worse." Burlington Northern already carries... Visit GasBuddy Blog for full article

Moderator

Message Posted: Jan 24, 2012 11:07:02 AM

Ignore PD Report Abuse

Burlington Northern is among the U.S. and Canadian railroads that stand to make huge gains from the Obama Administration's decision to reject the Keystone Pipeline permit. That railroad is a unit of Warren Buffett's Berkshire-Hathaway Inc., and Bloomberg Business News is reporting that the railroad is well positioned to carry the oil.

According to the State Department report on Keystone, "The rail option, though costlier, would lessen the evironmental impact such as loss of wetlands and agricultural productivity, compared to the pipeline. Railroads too present environmental issues. Moving crude on trains produces more global warming gases than a pipeline. Gas emissions would be worse."

Burlington Northern already carries...

Visit GasBuddy Blog for full article

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DucatiRider Rookie Author Maryland Posts:70 Points:1,200 Joined:Sep 2012	Message Posted: Nov 5, 2012 11:25:16 AM Ignore DucatiRider Report Abuse Once again liberals are trying to get in the way of commerce, and commerce is finding a way around. Who loses? The environment and the consumer. Who wins? Smart investors and business owners.
gasokie Champion Author Oklahoma Posts:3,487 Points:1,346,755 Joined:May 2007	Message Posted: Nov 2, 2012 7:36:55 PM Ignore gasokie Report Abuse And the American consumer the looser.
nstrdnvstr Champion Author Twin Cities Posts:37,025 Points:4,011,755 Joined:May 2001	Message Posted: Nov 2, 2012 3:23:54 PM Ignore nstrdnvstr Report Abuse So buy some shares in Berkshire Hathaway!
dcone2 Champion Author Los Angeles Posts:1,065 Points:112,335 Joined:Jul 2012	Message Posted: Oct 24, 2012 9:02:42 PM Ignore dcone2 Report Abuse ok
spmaudio Champion Author Chicago Posts:3,868 Points:749,870 Joined:Jan 2009	Message Posted: Oct 24, 2012 5:50:21 PM Ignore spmaudio Report Abuse Infrastructure that is already in place is well worth considering. But is a railroad safer than a pipeline, in terms of derailment risks versus pipe leakage risks? (Not that I know statistics on this, I'm just speculatin'... :-)
dockersbin Veteran Author Virginia Beach Posts:407 Points:279,135 Joined:May 2006	Message Posted: Oct 24, 2012 4:51:34 PM Ignore dockersbin Report Abuse Even if the pipeline was built, by the time it was built the cost would be passed on to us anyway.
99dakota Champion Author Providence Posts:8,255 Points:2,200,100 Joined:Oct 2006	Message Posted: Oct 24, 2012 6:37:48 AM Ignore 99dakota Report Abuse Get the freight back on the rails, and the trucks off the roads.
dcone2 Champion Author Los Angeles Posts:1,065 Points:112,335 Joined:Jul 2012	Message Posted: Oct 16, 2012 6:34:44 PM Ignore dcone2 Report Abuse ok
Donatelo Champion Author Dayton Posts:1,168 Points:307,705 Joined:Apr 2011	Message Posted: Oct 16, 2012 10:56:25 AM Ignore Donatelo Report Abuse ok
elhefe2003 Sophomore Author New Orleans Posts:136 Points:27,580 Joined:Oct 2012	Message Posted: Oct 15, 2012 5:12:15 PM Ignore elhefe2003 Report Abuse ok. Lets get this oil moving
Donatelo Champion Author Dayton Posts:1,168 Points:307,705 Joined:Apr 2011	Message Posted: Oct 14, 2012 9:42:40 PM Ignore Donatelo Report Abuse with innovation rail servive , including passenger, could be a good economic move.
txrojo2005 All-Star Author Austin Posts:802 Points:500,960 Joined:May 2011	Message Posted: Oct 14, 2012 10:32:18 AM Ignore txrojo2005 Report Abuse I mention BNSF as a possible winner several months ago. I guess Warren Buffet and Obama has not discussed this matter yet.
99dakota Champion Author Providence Posts:8,255 Points:2,200,100 Joined:Oct 2006	Message Posted: Oct 13, 2012 6:31:02 AM Ignore 99dakota Report Abuse We still need this pipeline...
Donatelo Champion Author Dayton Posts:1,168 Points:307,705 Joined:Apr 2011	Message Posted: Oct 8, 2012 2:43:22 PM Ignore Donatelo Report Abuse ok
gasokie Champion Author Oklahoma Posts:3,487 Points:1,346,755 Joined:May 2007	Message Posted: Sep 28, 2012 7:19:54 PM Ignore gasokie Report Abuse Pipelines are safest but if the eco-nuts make it happen RRs are pretty safe too. Just that the trains do make a little smoke and so forth.
Donatelo Champion Author Dayton Posts:1,168 Points:307,705 Joined:Apr 2011	Message Posted: Sep 27, 2012 8:53:48 AM Ignore Donatelo Report Abuse ok
99dakota Champion Author Providence Posts:8,255 Points:2,200,100 Joined:Oct 2006	Message Posted: Sep 27, 2012 6:46:22 AM Ignore 99dakota Report Abuse Back to the rails! Get the trucks off the roads!
CapriceWagon Champion Author Washington Posts:1,009 Points:503,620 Joined:Feb 2008	Message Posted: Sep 26, 2012 2:30:30 PM Ignore CapriceWagon Report Abuse Obama's homeboy
pricewar Champion Author Ogden Posts:2,075 Points:302,490 Joined:Jul 2012	Message Posted: Sep 26, 2012 12:48:20 AM Ignore pricewar Report Abuse free labor put that in your pipe
txrojo2005 All-Star Author Austin Posts:802 Points:500,960 Joined:May 2011	Message Posted: Sep 11, 2012 2:23:18 PM Ignore txrojo2005 Report Abuse Doesn't Warren Buffett own Burlington Northern RR?
gasokie Champion Author Oklahoma Posts:3,487 Points:1,346,755 Joined:May 2007	Message Posted: Sep 11, 2012 12:26:47 PM Ignore gasokie Report Abuse Nothing hauls oil cheaper and safer than a pipeline. Once the pipeline is in and buried life goes on. Very little damage to the ecology. On the railroad there is a little more land lost but heck it's already there. The CO2 polution from trains? Well that's about like a thimble full in the pacific. Don't worry avout it.
albert2008 Champion Author Winnipeg Posts:7,487 Points:1,507,735 Joined:Sep 2008	Message Posted: Sep 11, 2012 10:50:39 AM Ignore albert2008 Report Abuse the people will pay
nevaeh04 Sophomore Author Texas Posts:114 Points:191,030 Joined:Aug 2012	Message Posted: Sep 11, 2012 10:07:15 AM Ignore nevaeh04 Report Abuse ok pretty good
xfatman Champion Author Missouri Posts:7,915 Points:2,027,770 Joined:Aug 2006	Message Posted: Feb 1, 2012 1:30:39 AM Ignore xfatman Report Abuse Should read Warren Buffett get another Obama favor.
Sneakers55 Champion Author Houston Posts:51,850 Points:2,169,375 Joined:Nov 2005	Message Posted: Jan 30, 2012 1:07:17 PM Ignore Sneakers55 Report Abuse On Jan 24, 2012 11:04:48 PM, Saturn93 wrote: >We could use a better funded rail system in this country. The cash-cow Western railroads have all the money they need for maintenance and expansion of their trackage.
Sneakers55 Champion Author Houston Posts:51,850 Points:2,169,375 Joined:Nov 2005	Message Posted: Jan 30, 2012 1:00:26 PM Ignore Sneakers55 Report Abuse On Jan 24, 2012 10:10:41 PM, SilliesRock wrote: >So..... just how many shares of this railroad DOES Obama own? NONE. Obama owns no individual stocks. He does have some money in an S&P 500 index fund and Berkshire Hathaway B is a small portion of the index. So is ExxonMobil. >By his own admission, his net worth has TRIPLED in the >last 3 years. No wonder he thinks the economy is doing great! Most of his income comes from book royalties.
honda0105 Champion Author Tallahassee Posts:18,828 Points:1,637,220 Joined:Nov 2008	Message Posted: Jan 27, 2012 5:55:11 AM Ignore honda0105 Report Abuse I, for one, am glad the president wasn't allowing this project to be going forward and that some residents stood up for their potable water. Now, that there's time to dig deeper, lots of reasons emerge.
honda0105 Champion Author Tallahassee Posts:18,828 Points:1,637,220 Joined:Nov 2008	Message Posted: Jan 27, 2012 5:53:58 AM Ignore honda0105 Report Abuse funny how TransCanada was pushing this deal so hard but the only "job figures" that Keystone XL supposedly created were coming from TransCanada. Goes to show how much they wanted this project to succeed and pour sand in our eyes.
celtic14 Champion Author Florida Posts:1,336 Points:2,154,780 Joined:Nov 2005	Message Posted: Jan 26, 2012 3:49:18 PM Ignore celtic14 Report Abuse Further proof that Warren Buffett, once a symbol of free enterprise and value investing, is now the textbook example of a corrupt rent-seeker and crony capitalist (also known as "fascist"). Like Anakin Skywalker, he's totally gone over to the dark side.
tomok Champion Author Portland Posts:33,598 Points:2,373,210 Joined:Aug 2006	Message Posted: Jan 25, 2012 3:46:46 PM Ignore tomok Report Abuse Burlington Northern Santa Fe Railroad may be the big winner in Keystone debate, the railroad is another option for oil and fuel transport but it costs much more to transport than a pipeline. There are many oil and fuel pipelines crossing many areas of the US, another pipeline connecting to that system will not matter that much. The price of fuel at the pump is too high! 12/22/2012!
Martinman Champion Author Mississippi Posts:14,874 Points:2,120,555 Joined:Sep 2005	Message Posted: Jan 25, 2012 9:40:43 AM Ignore Martinman Report Abuse This article points out many of the short comings of the Republican's claims on how the Keystone XL pipeline will create massive jobs. First, a majority of the steel pipe to be used in constructing this pipeline, is being manufactured in Canada and INDIA. Second, the majority of that pipe, is to be manufactured in India, which resulted in the Alberta Federation of Labour attempting to block TransCanada's permit approval. Third, much of the steel pipe need to complete the Keystone XL pipeline, has already been manufactured and stored in Canada. Fourth, increasing use of rail keeps both the transportation and material related jobs IN THE U.S. Fifth, significantly more jobs will be created in manufacturing the rail-cars needed to move the crude oil. Both railcar manufacturers spotlighted in the article, are American manufacturers. Sixth, railroad is already the primary means of moving "energy" in this region of the country, as it is the number one means of moving coal to market. Seventh, while the cost per barrel for transport by rail is higher, this is a short-term issue, especially when compared to the minimum $3 per barrel premium that the Keystone XL pipeline will add to the cost of Canadian heavy crude, which in turn will influence the price of other grades of crude oil used by U.S. refineries. [Edited by: Martinman at 1/25/2012 9:43:54 AM EST]
Martinman Champion Author Mississippi Posts:14,874 Points:2,120,555 Joined:Sep 2005	Message Posted: Jan 25, 2012 8:40:09 AM Ignore Martinman Report Abuse Wow. The politically-motivated trolls have no bounds here, in who they'll attack if anyone dare post any article that runs contrary to their ideology.
Cakes77 Champion Author Harrisburg Posts:5,290 Points:1,678,270 Joined:Aug 2006	Message Posted: Jan 25, 2012 8:13:59 AM Ignore Cakes77 Report Abuse This is actually a good article.
bart_reed Champion Author Los Angeles Posts:4,110 Points:813,155 Joined:Mar 2011	Message Posted: Jan 25, 2012 3:25:34 AM Ignore bart_reed Report Abuse It isn't a problem to move all that oil.
Krykson All-Star Author Chicago Posts:840 Points:247,385 Joined:Jul 2006	Message Posted: Jan 25, 2012 2:48:58 AM Ignore Krykson Report Abuse Interesting
jrsva Champion Author Virginia Posts:9,999 Points:1,639,950 Joined:Jan 2006	Message Posted: Jan 25, 2012 1:01:44 AM Ignore jrsva Report Abuse “Too bad that the rails are in such bad shape.” Most mainline freight railroads are in pretty good shape. There is just no passenger service to speak of. Rail is a good alternative to the pipeline and it also provides much more versatility.
defiancegasman Champion Author Ohio Posts:7,099 Points:1,327,520 Joined:May 2006	Message Posted: Jan 25, 2012 12:17:19 AM Ignore defiancegasman Report Abuse Too bad that the rails are in such bad shape.
pastorpaulcg Champion Author Virginia Posts:3,615 Points:775,785 Joined:Dec 2010	Message Posted: Jan 25, 2012 12:16:00 AM Ignore pastorpaulcg Report Abuse Wonder who controls that
jkpsr Champion Author New Jersey Posts:4,207 Points:1,127,915 Joined:Jun 2005	Message Posted: Jan 25, 2012 12:12:52 AM Ignore jkpsr Report Abuse Remember that oil pipelines broke the Pennsy's monopoly.
LoneGuy Champion Author Lansing Posts:8,615 Points:2,344,720 Joined:Aug 2005	Message Posted: Jan 25, 2012 12:11:32 AM Ignore LoneGuy Report Abuse All they need to do is reroute the path away from underground aquifers. The Keystone group already submitted a revised path but Obama is still blocking the project. This could do much for our unemployment numbers for years to come.
Gas Thirsty Champion Author Los Angeles Posts:4,937 Points:3,253,045 Joined:Mar 2003	Message Posted: Jan 25, 2012 12:09:25 AM Ignore Gas Thirsty Report Abuse Mr. Buffett, do you really need more money?
Matt G Champion Author Boston Posts:4,673 Points:2,800,740 Joined:Jun 2004	Message Posted: Jan 25, 2012 12:07:57 AM Ignore Matt G Report Abuse Obama's buddy, Warren Buffet
joel27nc Champion Author Raleigh Posts:10,677 Points:1,886,070 Joined:Mar 2008	Message Posted: Jan 25, 2012 12:06:28 AM Ignore joel27nc Report Abuse Just get it done.
Saturn93 Champion Author Salt Lake City Posts:7,292 Points:1,640,885 Joined:Oct 2006	Message Posted: Jan 25, 2012 12:04:48 AM Ignore Saturn93 Report Abuse We could use a better funded rail system in this country.
ssect8 Champion Author Hartford Posts:8,131 Points:2,119,005 Joined:Jun 2006	Message Posted: Jan 25, 2012 12:01:29 AM Ignore ssect8 Report Abuse Good for them, hopefully Obama the dictator will fail in his attempt to stop it.
bonzoonfmb Champion Author Florida Posts:1,817 Points:664,910 Joined:Feb 2010	Message Posted: Jan 24, 2012 11:55:59 PM Ignore bonzoonfmb Report Abuse Billionaire BS.
Blue48 Champion Author Illinois Posts:7,445 Points:1,665,645 Joined:Feb 2007	Message Posted: Jan 24, 2012 11:54:52 PM Ignore Blue48 Report Abuse OK
skyking797 Sophomore Author Phoenix Posts:115 Points:103,305 Joined:Jun 2004	Message Posted: Jan 24, 2012 11:52:48 PM Ignore skyking797 Report Abuse Not going to happen.............on trains.........
chuckwthompson Champion Author Charlotte Posts:3,895 Points:604,885 Joined:Sep 2011	Message Posted: Jan 24, 2012 11:46:06 PM Ignore chuckwthompson Report Abuse Obama & Buffett in bed together: I wonder who is the bottom one? Don't feel bad Obama...the 99% are getting it the same way you are!
lightninjack Sophomore Author Ohio Posts:194 Points:15,695 Joined:Dec 2011	Message Posted: Jan 24, 2012 11:44:54 PM Ignore lightninjack Report Abuse well isnt that special