As soon as you hear Obama make a decision that seems to go against the grain, many Americans question, what is the real reason? Well, Barack Obama's veto of the Keystone XL pipeline begs for the truth. And, the truth is, it's about corporate profits and cronyism by the left.
To be fair, this is old news. Investigative reporting in 2013, exposed the money behind killing Keystone. The mainstream press just suppressed the story. The story was first reported by the Dickinson Press in North Dakota, then select reporting by The Washington Times and Bloomberg.
Obama's delay tactics and veto are all about campaign cash and big profits for a big Democrat donor. In 2012-13, Obama conducted a series of fundraisers with Democrat high rollers. He promised to move aggressively on green energy and efforts to interfere with "old" energy technology, like oil pipelines. What followed was a massive stream of cash to the Democrat National Committee and into Obama's political operations. Which helped grease Obama's re-election victory.
The question is, did any one Democrat donor profit off of stopping Keystone XL? Yes, one of America's wealthiest corporatists, Warren Buffett. According to Federal Election Commission records, Buffett dumped large donations to Obama and numerous other lefty organizations.
So, where is the crony connection to Buffett, Obama and Keystone? It's all about railroads and who controls the rail lines to transport shale oil from Canada to American ports and refineries. You see, the Burlington, Northern and Santa Fe (BNSF) rail line is operated by a conglomerate of Berkshire Hathaway, which is controlled by Warren Buffett. This highly profitable, rail line is the primary transporter of Canadian shale oil to the U.S. In addition, Berkshire Hathaway controls the largest manufacturer of oil tank cars - Union Tank Car.
President of the consulting firm Rail Theory Forecasts LL, Toby Kolstad, comments about the high demand for rail lines and rail cars for Canadian crude transport,
"People who want to ship oil can't get them (rail cars). They're desperate to get anything to move crude oil."
Bottom line: When we connect the dots, we realize that without Keystone XL, Buffett continues to rake in massive rail profits, and Obama enjoys a second term in the White House. And, now we know why Warren Buffett is obsessed with railroads.