“Buffett’s railroad interests have been doing quite well since the government’s suspension of Keystone Pipeline extension. His key railroad interest, Burlington Northern, is the preferred alternative petroleum shipping method to the Keystone Pipeline. This is interesting because Buffett bought his stake in Burlington Northern just before the government halted the Keystone project, and he allegedly influenced the government’s decision to suspend. And how much reward has Buffett reaped from the Burlington Northern/State Department deal? Keep in mind that demand for gasoline has been tanking while rail car loadings of petroleum have been going parabolic.”

http://www.ecominoes.com/2013/03/warren-buffets-railroad-cronyism-in-one.html

Did you like this?
Tip Freedomwat.ch Staff with Bitcoin

Donate via Installed Wallet Copy