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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: Joan Osland Graffius who wrote (1645)7/11/2014 9:59:26 PM
From: Kirk ©  Read Replies (2) | Respond to of 26788
 
WOW! Thanks for the info
We are paying around $10 a barrel to move that stuff - we need a pipeline.
It makes one think money talks and Warren Buffett backed Obama in exchange for a promise to delay the pipeline until his last year in office...

I figure Buffett extracted a good deal of blood from GE and GS in exchange for cash AND his backing which helped confidence (hell, I bought a bundle of GE knowing Buffett was a backstop - GE March 4 Buy Alert at $6.76.)

I think Buffett's backing of Obama was valuable and came at a price... but probably no different than the price the oil industry got from Bush2. I doubt anyone in elected government actually puts what is good for the nation first....