The proposed Keystone XL pipeline would bring crude oil from Canada down to refineries in Texas. It is estimated that the Keystone XL pipeline would result in anywhere from 10,000 to more than 20,000 jobs for Americans. It would also go a long way in helping the United States and Canada become energy self-sufficient and less dependent on foreign oil. All in all, the Keystone XL pipeline sounds like a win-win-win proposition.
So, why have Democrats been so opposed to the pipeline?
To begin with they want to kill all fossil fuel use and force America to turn to more expensive green energy. If you recall, during Obama 8 years in the White House, he waged a war against fossil fuel while he wasted billions of taxpayer dollars in one failed green energy project after another.
Then there is the concern of a pipeline leak having an impact on the environment. That’s a what-if argument that may not ever happen.
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The main reason is one of the Democrats’ wealthiest supporters and donors – Warren Buffett.
Currently, Canadian crude oil is transported from Canada to the Texas refineries via the Burlington Northern Santa Fe Railroad (BNSF). This railroad is the second largest freight railroad in North America and a very large part of their business is the transportation of the Canadian oil.
In 2010, BNSF shareholders voted to accept an offer from Berkshire Hathaway to purchase the remaining 77.4% of the company’s stock that they didn’t already own. Berkshire Hathaway is owned by Warren Buffett who is one of the wealthiest men in America and the world.
BNSF Railroad makes about $30 for every barrel of Canadian crude oil they transport to the Texas refineries for an annual income of around $2 billion. If the Keystone XL Pipeline was approved and completed, it is estimated that it would cost only about $10 per barrel to transport the crude oil from Canada to Texas. If that happened, Buffett’s railroad stands to lose nearly $2 billion of annual revenue.
In other words, the Keystone XL pipeline would have a negative impact on Buffett’s empire and if he doesn’t want the pipeline, he makes sure that Democrats in general don’t want it either.
Remember argument #2 above about the worry over a possible leak and impact to the environment?
In June 2018 it was reported:
“The train derailed at about 4:30 a.m. Friday, said Andy Williams, a spokesperson for BNSF Railway Co. There were no injuries, he said. Lyon County Sheriff Stewart Vander Stoep said not all of the cars were leaking, but a significant number of them were.”
“Williams said BNSF crews, a hazardous materials squad and cleaning crews were all at work near the tracks south of Doon and north of Rock Valley. Vander Stoep said the derailment was likely connected to the flood, but it was still unclear late Friday what caused the accident.”
“‘We don’t know how much is leaking or how bad it is,’ Vander Stoep said. ‘We’ve got some stuff out on the water now to soak it up, but the whole area is blocked off’.” [Emphasis mine]
Yep, the same railroad linked to Obama’s rich buddy, Warren Buffett.
So, is this an isolated incident involving a train caused oil spill? Check this out:
“When 14 tanker cars derailed and exploded Monday near tiny Mount Carbon, W.V., neighbors likened the fireball to a scene from the apocalypse. It was ‘like something Biblical, or wrath-of-God type stuff,’ one resident said.”
“In fact, the oil spill and fire on the banks of the Kanawha River was the latest occurrence of a type of accident that U.S. officials say is becoming distressingly common. Federal agencies are documenting a dramatic rise in the number of rail mishaps involving oil tankers in the last three years, as North American producers scramble to find ways to transport surging oil output to markets.” [Emphasis mine]
This totally nullifies the environmentalists’ argument against the Keystone XL pipeline, which brings us back to Warren Buffett. That one socialist Democrat is against the pipeline and cares nothing about how many jobs it would create or what it would do to help both America and Canada. Like many wealthy socialists, all he cares about is his empire.
The opinions expressed by columnists are their own and do not necessarily represent the views of Barb Wire.