Posts Tagged ‘Berkshire Hathaway’

Democratic billionaire Warren Buffett will get huge profits from Obama’s cancellation of Keystone oil pipeline

Wednesday, January 25th, 2012

Washington Times:

Mr. Buffett’s Berkshire Hathaway Inc. owns Burlington Northern Santa Fe LLC, which is among the railroads that would transport oil produced in western Canada if the pipeline isn’t built.

If completed, the $7 billion Keystone XL would deliver 700,000 barrels a day of crude from oil sands in Canada to Texas refineries on the coast of the Gulf of Mexico. It would traverse about 1,600 miles.