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Follow the money

I meant to post this a while back but got busy with interviews and other things.

So why did Obama kill the Keystone pipeline project that everyone (including the notoriously anti-oil EPA) had approved?  Silicon Graybeard suggests that instead of a principled environmental stand (although it certainly made the Greens happy, it’s not likely that any of them would vote Republican if Obama hadn’t made some environmental gesture), it was simply Obama’s payoff to Warren Buffet in exchange for Buffet’s overt help with the class warfare campaign.

How is killing the Keystone pipeline Obama’s part of a quid pro quo with Buffet?  Without the pipeline, some of the Alberta Tar Sands oil will still get to the Gulf of Mexico via railroad tank cars; specifically Burlington Northern tank cars.  Guess which railroad company Buffet’s Berkshire Hathaway bought up a couple of years ago?  Buffet makes some high-profile noise to help with the “taxing the rich will solve all our problems” meme and Obama makes sure that Buffet gets to make millions transporting oil that could have been done more efficiently, cheaper, and in higher volume via pipeline.

By the way, in case you’re having trouble with the definitions, that isn’t “Free Market Capitalism” in action, it’s corruption and cronyism.  Like Solyndra and GE and GM.

If you’re not already, you should be reading Silicon Graybeard regularly anyway.  And, he has more more detail and links to even more background including the part Nebraska’s Senator Nelson plays in this particular version of the corruption tango.

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