There are a number of reasons the cancellation of the KeystoneXL pipeline is important but two stand out. Tor the enviros, it’s their belief that it’s precedent-setting and no more pipelines will be built while others will be eased out as they age. It also allows the big-monied interests to become even wealthier.
Warren Buffet’s company, Berkshire Hathaway, the one that doesn’t pay its taxes, owns the Burlington Northern Santa Fe railroad and Canadian railroads. Warren Buffet has offered to transport oil produced in western Canada if Keystone XL is squelched.
“Whatever people bring to us, we’re ready to haul,” Krista York-Wooley, a spokeswoman for Burlington Northern….told Bloomberg News. If Keystone XL “doesn’t happen, we’re here to haul.” she said.
Bloomberg reported that Buffet is the big winner.
One of the biggest investors of the Canadian National Railroad is Bill Gates who is a friend of Buffet’s.
Transport by rail would have to first overcome unfavorable price spreads, potentially burdensome new regulations and below-$50-per-barrel oil. The enviros and the extremists in our government don’t care if we have to pay a lot more for our energy – they want us to pay more to use less – it’s their version of cap&trade.
The State Department had been asked to analyze the feasibility of transporting by rail.
With modest expansion, railroads can handle all new oil produced in western Canada through 2030, according to the analysis of the Keystone proposal by the U.S. State Department, Bloomberg reported. They had linked to the analysis but it’s been since buried in the archives.
The Daily Signal (Heritage) reported that a Canadian news channel Sun News uncovered a PowerPoint presentation from the Rockefeller Brothers Fund detailing its work with other groups to derail the Keystone XL pipeline and other similar projects it deemed parts of “a globally significant threat.”
It describes an allocation of $7 million each year given to enviro-non-profits to use the legislative and legal systems to delay and derail the project.
There are also billionaires like Tom Steyer who live in luxury but want us to pay as he supports groups to take down fossil fuels.
The energy sector employs 230,000 Canadians and it is the boom in fracking in the US that accounts for our economic stability despite Barack Obama, but that doesn’t enter into the thinking.
An organization called 350.org has been formed to pull all the enviros under one global SuperPower advocacy organization.
America has always stood alone as the freest of nations but no longer. When it comes to economic freedom, we’re not doing well. CATO’s 2015 analysis shows the United States has fallen from second in 2000 to eighth in 2005 and to 16th today. Furthermore, our government is run by an Imperial president who makes decisions without consideration of the peoples’ representatives in Congress, he tramples States’ Rights and court decisions.
The delusional and the fringe are no longer marginalized, they sit in the highest powers of office, in the White House, in Congress and in the media.