The Buffett Isn’t Free
Crooked Hillary held a small rally last week in Republican Nebraska. It was a publicity seeking event because she had in tow none other than the so-called “oracle of Omaha” billionaire investor Warren Buffet.
He focused much of his introductory speech on the non-issue of why Donald Trump has so far refused to release his tax returns.
But that wasn’t Trump’s only refusal because he also refused to take the bait. He told Fox Business that he would not “counterpunch” against Buffett, “There’s no counterpunch. I’m not listening to what … look Warren Buffett has been a fan of, he’s a Democrat, he’s been a Hillary fan for a long time.”
But there is a lot more to Buffett’s madness than being a Democrat or a fan of Crooked Hillary. A LOT more.
It’s all about energy and more exactly the transportation of oil and gas.
Some time ago Obama announced he was killing the Keystone XL pipeline project. That pipeline from Canada would have been used to transport energy resources to the United States, in a cheap, safe and environmentally friendly way.
It would also have been used to move oil from the North Dakota Bakken fields to refineries for processing.
Crooked Hillary stands by that decision not to build the Keystone XL pipeline.
Trump, on the other hand, who wants to make the United States much less reliant on energy supplies from overseas, particularly from vulnerable areas of the Middle East, wants to reinstate the Keystone XL pipeline project.
As far as Buffett is concerned the Keystone XL pipeline would be a financial disaster for his Berkshire Hathaway company and that is the real reason why he is speaking out against Donald Trump in this presidential election contest.
Buffett knows that without the Keystone XL pipeline, crude from Canada and North Dakota’s Bakken oil fields will have to be shipped to refineries using the Burlington Northern Santa Fe (BNSF) railroad.
And guess who owns the railroad?
Yep, none other than the Crooked Hillary’s loving old oracle of Omaha.
Buffett already owned 22 percent of BNSF and recently went all-in buying the remainder of the stock for $100 a share, valuing the railroad at $34 billion.
But the story really starts with Obama.
When he was first running for office Warren Buffet was his economic adviser.
And what good advice he has given Obama over the years, doubling the country’s debt, decreasing home ownership, raising unemployment, making more families reliant on food stamps, and virtually stagnating the economy with less than 1 or 2 percent annual growth.
Meantime, while all this was going on, Obama initiated an almost endless review of the Keystone XL pipeline that would delay the project time and time again until he eventually killed it off.
It gave Buffett time to begin to purchase, at a bargain price, the railroad that would replace the Keystone XL pipeline that hadn’t yet been canceled, but which Buffett knew his friend Obama eventually would.
Let’s just say that because of his friends Obama and Crooked Hillary, Buffett will not be needing food stamps for a long time.
Since the cancellation of the Keystone XL pipeline the value of the Burlington Northern Santa Fe railroad, bought for $34 billion a little over fours years ago, is now worth at least double.
A healthy part of that increase in value coming from the prospect of hauling oil out of the Bakken formation of North Dakota.
If that is not an example of insider trading then what is? But because Buffet is a crony of Obama and Crooked Hillary nothing was done about it.
The oracle of Omaha basked in the glory of his reputation as a shrewd investor, his stockholders were happy, and the hell with the fact that America had been damaged yet again.
Trump’s Energy Plan
All we can do now is hope that Donald Trump is elected in November and reinstates the Keystone XL pipeline project.
If you are holding any Berkshire Hathaway stock it might be a good idea to get rid of it when you see this happening because the value of that BNSF railway stock is going down!
The moral of this tale is that Obama and the Democrats cannot be trusted to work in the best interests of the American people They are beholden to vested interests who pay for their election campaigns and who expect and get favors in return.
The Keystone XL pipeline would bring up to 830,000 barrels of oil per day and directly create 20,000 jobs. It would carry not only Canadian oil, but also oil from the Bakken shale formation of North Dakota and create even more jobs at the refineries.
Trump, who is not in the pockets of Warren Buffett or anyone else will make that happen. He will also ensure that America will be self-sufficient in energy needs for the foreseeable future and end any dependence on oil from the Middle East and OPEC.
That alone should be a good enough reason to vote for Trump.