Burlington Northern Santa Fe, Tonapah Solar and the Keystone Pipeline

Keystone

Burlington Northern Santa Fe Railroad owns all of the rail lines in the US connecting 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 use their tracks. BNSF charges $30 per barrel to haul the oil where the Keystone would cost $10 by the State Departments own estimates. BNSF is owned by Berkshire Hathaway whose chairman is Warren Buffet.

In the last 2 election cycles Buffet gave extensively to democrat causes and candidates including $40K+ to Obama in 2012. He also bundled and hosted numerous fundraisers for Obama. If anyone here believes the pipeline isn’t being blocked by Obama on Buffets behalf you’re nuts. Buffet could stand to lose $2B+ a year if the pipeline goes in and he makes the same amount every year it’s delayed.

The Tonopah Solar Company, in Harry Reid’s Nevada, on the other hand, is getting a $737 million loan from the Department of Energy. The project will produce a 110 megawatt power system, and employs 45 permanent workers. That’s costing us well over $16 million per job.

One of the investment partners in this endeavor is Pacific Corporate Group (PCG). The PCG Executive Director is Ron Pelosi, who is the brother to Nancy’s Husband.

This is crony capitalism at it’s finest and what is making people mad at our government and capitalist system.

Leave a Reply