Sent to me by one of our Founding Members with decades of industry experience
Burlington Northern Santa Fe Railroad ( BNSF) owns all of the rail lines in the US that connect to western Canada, and they haul 80% of the crude from Canada to the Midwest and Texas or charge other Short Line railroads a fee to used their tracks. BNSF charges $30.00 per barrel to haul the oil while the Keystone Pipeline would cost $10.00 per barrel by the State Department’s own estimates. BNSF is owned by Berkshire Hathaway whose chairman is Warren Buffet.
In the last two election cycles, Buffet gave extensively to Democrat causes and candidates. He also bundled and hosted numerous fund raisers for Obama.
If anyone believes the Keystone Pipeline isn’t being blocked by Obama on Buffet’s behalf, I’ve got a bridge to sell you. Buffet could stand to lose $2 billion + a year if the pipeline is constructed. He makes the same amount every year that the pipeline is delayed.
Why Keystone XL was cancelled
Why Keystone XL was cancelled
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: Why Keystone XL was cancelled
Biden's 'blue-collar' image threatened as oil-and-gas crackdown threatens jobs . Washington Times
President Biden promised during the campaign to create “millions of good-paying jobs,” but his administration already appears to be moving in the wrong direction. Tens of thousands of oil and gas jobs were thrown into jeopardy by Mr. Biden’s first-day order canceling the Keystone XL pipeline permit and the Interior Department’s 60-day freeze on agency approvals for oil and gas leases on federal lands, fueling an outcry from unions, industry advocates and Republicans. “As the nation recovers from the COVID-19 pandemic, President Biden is handing out pink slips on Day One,” said Sen. John Barrasso, Wyoming Republican.
Biden sets in motion plan to ban new oil and gas leases on federal land . New York Times
President Biden on Wednesday will direct federal agencies to determine how expansive a ban on new oil and gas leasing on federal land should be, part of a suite of executive orders that will effectively launch his agenda to combat climate change, two people with knowledge of the president’s plans said Monday. An eventual ban on new drilling leases would fulfill a campaign promise that infuriated the oil industry and became a central theme in the fight for the critical battleground state of Pennsylvania, where the natural gas extraction method known as hydraulic fracturing, or fracking, has become big business.
Oil groups talk federal lease freeze . Rigzone
Restricting development on federal lands and waters is nothing more than an import more oil policy. That’s according to American Petroleum Institute (API) President and Chief Executive Officer Mike Sommers, who noted that energy demand will continue to rise, especially as the economy recovers. “We can choose to produce that energy here in the United States or rely on foreign countries hostile to American interests,” Sommers said in an API statement.
President Biden promised during the campaign to create “millions of good-paying jobs,” but his administration already appears to be moving in the wrong direction. Tens of thousands of oil and gas jobs were thrown into jeopardy by Mr. Biden’s first-day order canceling the Keystone XL pipeline permit and the Interior Department’s 60-day freeze on agency approvals for oil and gas leases on federal lands, fueling an outcry from unions, industry advocates and Republicans. “As the nation recovers from the COVID-19 pandemic, President Biden is handing out pink slips on Day One,” said Sen. John Barrasso, Wyoming Republican.
Biden sets in motion plan to ban new oil and gas leases on federal land . New York Times
President Biden on Wednesday will direct federal agencies to determine how expansive a ban on new oil and gas leasing on federal land should be, part of a suite of executive orders that will effectively launch his agenda to combat climate change, two people with knowledge of the president’s plans said Monday. An eventual ban on new drilling leases would fulfill a campaign promise that infuriated the oil industry and became a central theme in the fight for the critical battleground state of Pennsylvania, where the natural gas extraction method known as hydraulic fracturing, or fracking, has become big business.
Oil groups talk federal lease freeze . Rigzone
Restricting development on federal lands and waters is nothing more than an import more oil policy. That’s according to American Petroleum Institute (API) President and Chief Executive Officer Mike Sommers, who noted that energy demand will continue to rise, especially as the economy recovers. “We can choose to produce that energy here in the United States or rely on foreign countries hostile to American interests,” Sommers said in an API statement.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group