Obama's Keystone Debacle Has One Winner: Burlington Northern, Warren Buffett's Railroad

NewsNM note (Spence) - I originally found this story on Bloomberg. Strangely, the story was quickly taken down as President Obama makes plans to play the "envy" politcal card and Warren Buffett's secretary serves as his designated prop in the upcoming State of the Union address tonight. Fortunately, the story is now all over the internet, so the effect of Bloomberg pulling what if thinks might be damaging to Obama, has no real effect on the flow of information.

News Room America - A railroad largely owned by billionaire Warren Buffett stands to benefit financially from a decision by the Obama administration to reject a major oil pipeline project that would have stretched 1,700 miles south from Canada to refineries in Texas.

Warren Buffett

Bloomberg News reported Tuesday that Burlington Northern Santa Fe LLC is among U.S. and Canadian railroads that stand to gain from the U.S. State Department's rejection last week of the Keystone XL pipeline project. Buffett is a long-time political and financial supporter of Obama.

"Whatever people bring to us, we’re ready to haul," Krista York-Wooley, a spokeswoman for Burlington Northern, a unit of Buffett’s Omaha, Nebraska-based Berkshire Hathaway Inc., investment house, told Bloomberg. If the pipeline deal falls through, she added, "we’re here to haul." Read full story here: News New Mexico

Obama's Keystone Debacle Has One Winner: Burlington Northern, Warren Buffett's Railroad