Buffett's Burlington Northern Among Pipeline Winners

Buffet, friend and campaign donor to the President, is the big winner in Obama's decision not to approval Keystone pipeline. I'm shocked!!

Jan. 23 (Bloomberg) -- Warren Buffett's Burlington Northern Santa Fe LLC is among U.S. and Canadian railroads that stand to benefit from the Obama administration's decision to reject TransCanada Corp.'s Keystone XL oil pipeline permit.

With modest expansion, railroads can handle all new oil produced in western Canada through 2030, according to an analysis of the Keystone proposal by the U.S. State Department.

"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., said in an interview. If Keystone XL "doesn't happen, we're here to haul."

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I also find it interesting that while the original article was from Bloomberg, also a friend of the President, and was up on their website it has disappeared.