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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (645727)	2/17/2012 4:00:32 PM
From: d[-_-]b	5 Recommendations Read Replies (1) \| Respond to of 1574086

The pipeline blunder, in particular, is inexplicable. There quite literally is no rational explanation for the decision Until you realize Warren Buffett profits mightily from his trains transporting oil and coal. dcinsider.com Warren Buffett’s Railroad Increases Capacity For Coal Shipping February 1, 2012 7:45 pmBy: DC Insider Editor’s Note: Obama donor, supporter and favorite Warren Buffett announced today that his company would be increasing coal shipping capacity. It has been recently reported that Buffett’s railroad company, Burlington Northern, will likely benefit from the blocking of the XL Keystone pipeline by Obama. With the oil pipeline blocked, that oil would be transported on railroad cars. Bloomberg News: Warren Buffett’s Berkshire Hathaway Inc. (BRK/A) plans to boost capital spending at its railroad to $3.9 billion this year, an increase of 11 percent from 2011, as the company adds capacity for coal shipments. The 2012 proposal includes $2.1 billion on the core network and $1.1 billion on locomotive, freight car and equipment acquisitions, the BNSF Railway Co. said in a statement today. The Fort Worth, Texas-based unit is also spending $300 million this year on a U.S. rail-safety mandate. The largest U.S. freight railroads may lift capital expenditures to a record $13 billion in 2012 as their revenue rises amid gains in freight traffic, the Association of American Railroads said Jan. 30. BNSF’s weekly volume climbed to a three- year high as the economy improved outside of the housing market, Buffett, Berkshire’s chairman and chief executive officer, said in October. “That’s stuff moving around the country, supplying merchants and doing all kinds of things,” he said at Fortune magazine’s Most Powerful Women conference. The railroad’s plan calls for $400 million in terminal, intermodal-expansion and efficiency projects, which will focus on coal routes. The rail serves mines in the Western U.S., including Wyoming’s Powder River Basin, which holds the largest and cheapest U.S. reserves of the power-plant fuel.

To: i-node who wrote (645727)	2/17/2012 8:53:20 PM
From: J_F_Shepard	Respond to of 1574086

"You really cannot reasonably expect these incompetent actions not to be used against him. " Why does that pipeline have to cross central US??? Why doesn't it go the Canadian coast? Why doesn't it link to existing pipelines that are already carrying tar sands oil? Obama did not give Brazil any money,..... See link below.... snopes.com also: " "Analysis: Unfounded rumors. President Obama signed no such executive order. In April 2009, the U.S. Export-Import Bank, whose stated mission is "to assist in financing the export of U.S. goods and services to international markets," approved a preliminary commitment to lend at least $2 billion to Petrobras, Brazil's national oil company, to fund the purchase of equipment and services from American companies. The commitment was approved by the Export-Import Bank's bipartisan Board of Directors before any Obama appointees joined the agency. As the Export-Import Bank is self-sustaining, no taxpayer moneys are involved. While it's true that Petrobras has committed to supplying China with up to 200,000 barrels of oil a day for the next 10 years (thanks to a $10 billion loan from that country's Development Bank), it's not true that all of the oil produced under the U.S. agreement is earmarked for China. Billionaire George Soros' hedge fund, Soros Fund Management LLC, owns millions of shares in Petrobras, though according to Bloomberg.com he cut his stake considerably during the second quarter of 2009. Soros was a major supporter of Obama's presidential bid and contributed to his 2008 campaign. As to the claim that the U.S. has "absolutely no gain from this transaction whatsoever," Export-Import Bank Chairman Fred P. Hochberg begs to differ, stating that Bank's mandate is to "help create and sustain U.S. jobs by financing U.S. exports. Our offer to provide financing to Brazil's state-owned oil company Petrobras does exactly that." urbanlegends.about.com