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

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

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...

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DucatiRider
Rookie Author Maryland

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Message Posted: Nov 5, 2012 11:25:16 AM

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.
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gasokie
Champion Author Oklahoma

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Message Posted: Nov 2, 2012 7:36:55 PM

And the American consumer the looser.
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nstrdnvstr
Champion Author Twin Cities

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Message Posted: Nov 2, 2012 3:23:54 PM

So buy some shares in Berkshire Hathaway!
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dcone2
Champion Author Los Angeles

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Message Posted: Oct 24, 2012 9:02:42 PM

ok
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spmaudio
Champion Author Chicago

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Message Posted: Oct 24, 2012 5:50:21 PM

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'... :-)
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dockersbin
Veteran Author North Carolina

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Message Posted: Oct 24, 2012 4:51:34 PM

Even if the pipeline was built, by the time it was built the cost would be passed on to us anyway.
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99dakota
Champion Author Providence

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Message Posted: Oct 24, 2012 6:37:48 AM

Get the freight back on the rails, and the trucks off the roads.
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dcone2
Champion Author Los Angeles

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Message Posted: Oct 16, 2012 6:34:44 PM

ok
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Donatelo
Champion Author Dayton

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Message Posted: Oct 16, 2012 10:56:25 AM

ok
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elhefe2003
Sophomore Author New Orleans

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Message Posted: Oct 15, 2012 5:12:15 PM

ok. Lets get this oil moving
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Donatelo
Champion Author Dayton

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Message Posted: Oct 14, 2012 9:42:40 PM

with innovation rail servive , including passenger, could be a good economic move.
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txrojo2005
Champion Author Austin

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Message Posted: Oct 14, 2012 10:32:18 AM

I mention BNSF as a possible winner several months ago. I guess Warren Buffet and Obama has not discussed this matter yet.
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99dakota
Champion Author Providence

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Message Posted: Oct 13, 2012 6:31:02 AM

We still need this pipeline...
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Donatelo
Champion Author Dayton

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Message Posted: Oct 8, 2012 2:43:22 PM

ok
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gasokie
Champion Author Oklahoma

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Message Posted: Sep 28, 2012 7:19:54 PM

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.
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Donatelo
Champion Author Dayton

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Message Posted: Sep 27, 2012 8:53:48 AM

ok
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99dakota
Champion Author Providence

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Message Posted: Sep 27, 2012 6:46:22 AM

Back to the rails! Get the trucks off the roads!
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CapriceWagon
Champion Author Washington

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Message Posted: Sep 26, 2012 2:30:30 PM

Obama's homeboy
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pricewar
Champion Author Ogden

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Message Posted: Sep 26, 2012 12:48:20 AM

free labor put that in your pipe
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txrojo2005
Champion Author Austin

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Message Posted: Sep 11, 2012 2:23:18 PM

Doesn't Warren Buffett own Burlington Northern RR?
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gasokie
Champion Author Oklahoma

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Message Posted: Sep 11, 2012 12:26:47 PM

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.
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albert2008
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Message Posted: Sep 11, 2012 10:50:39 AM

the people will pay
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nevaeh04
Veteran Author Texas

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Message Posted: Sep 11, 2012 10:07:15 AM

ok pretty good
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xfatman
Champion Author Missouri

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Message Posted: Feb 1, 2012 1:30:39 AM

Should read Warren Buffett get another Obama favor.
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Sneakers55
Champion Author Houston

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Message Posted: Jan 30, 2012 1:07:17 PM

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.
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Sneakers55
Champion Author Houston

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Message Posted: Jan 30, 2012 1:00:26 PM

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.
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honda0105
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Message Posted: Jan 27, 2012 5:55:11 AM

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.
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honda0105
Champion Author Tallahassee

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Message Posted: Jan 27, 2012 5:53:58 AM

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.
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celtic14
Champion Author Florida

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Message Posted: Jan 26, 2012 3:49:18 PM

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.
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tomok
Champion Author Portland

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Message Posted: Jan 25, 2012 3:46:46 PM

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!
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Martinman
Champion Author Mississippi

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Message Posted: Jan 25, 2012 9:40:43 AM

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]
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Martinman
Champion Author Mississippi

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Message Posted: Jan 25, 2012 8:40:09 AM

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.
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Cakes77
Champion Author Harrisburg

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Message Posted: Jan 25, 2012 8:13:59 AM

This is actually a good article.
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bart_reed
Champion Author Los Angeles

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Message Posted: Jan 25, 2012 3:25:34 AM

It isn't a problem to move all that oil.
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Krykson
All-Star Author Chicago

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Message Posted: Jan 25, 2012 2:48:58 AM

Interesting
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jrsva
Champion Author Virginia

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Message Posted: Jan 25, 2012 1:01:44 AM

“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.
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defiancegasman
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Message Posted: Jan 25, 2012 12:17:19 AM

Too bad that the rails are in such bad shape.
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pastorpaulcg
Champion Author Virginia

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Message Posted: Jan 25, 2012 12:16:00 AM

Wonder who controls that
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jkpsr
Champion Author New Jersey

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Message Posted: Jan 25, 2012 12:12:52 AM

Remember that oil pipelines broke the Pennsy's monopoly.
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LoneGuy
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Message Posted: Jan 25, 2012 12:11:32 AM

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.
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Gas Thirsty
Champion Author Los Angeles

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Message Posted: Jan 25, 2012 12:09:25 AM

Mr. Buffett, do you really need more money?
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Matt G
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Message Posted: Jan 25, 2012 12:07:57 AM

Obama's buddy, Warren Buffet
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joel27nc
Champion Author Raleigh

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Message Posted: Jan 25, 2012 12:06:28 AM

Just get it done.
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Saturn93
Champion Author Salt Lake City

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Message Posted: Jan 25, 2012 12:04:48 AM

We could use a better funded rail system in this country.
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ssect8
Champion Author Hartford

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Message Posted: Jan 25, 2012 12:01:29 AM

Good for them, hopefully Obama the dictator will fail in his attempt to stop it.
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bonzoonfmb
Champion Author Florida

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Message Posted: Jan 24, 2012 11:55:59 PM

Billionaire BS.
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Blue48
Champion Author Illinois

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Message Posted: Jan 24, 2012 11:54:52 PM

OK
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skyking797
Sophomore Author Phoenix

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Message Posted: Jan 24, 2012 11:52:48 PM

Not going to happen.............on trains.........
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chuckwthompson
Champion Author Charlotte

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Message Posted: Jan 24, 2012 11:46:06 PM

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!
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lightninjack
Sophomore Author Ohio

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Message Posted: Jan 24, 2012 11:44:54 PM

well isnt that special
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