The loss of the Keystone Pipeline project will cost its investors more than ten billion dollars, will cost Canada more than 8 billion in projected revenue loss, and will cost upwards of 40 thousand Americans to lose their jobs. In addition, it will cost the State of Montana more than a hundred million dollars in lost revenue, which is given mostly to schools.
Why did he make a move that could bankrupt three entire countries and tens of thousands of Americans? It was a political favor for his good friend and donor pal, Warren Buffett, who happens to own BNSF railroad and makes the majority of his dollars transporting crude. The Keystone XL was posed to transport oil more safely and effeciently, avoiding the environmental dangers often associated with rail travel.
[NOQ Report] Even before Joe Biden was inaugurated as president, he and his team were calling for an end to the Keystone Pipeline. The fourth leg of the energy project, Keystone XL, has been delayed, then resumed, and now delayed again by three presidents since 2015.
It attracted opposition from environmentalists, becoming a symbol of the battle over climate change and fossil fuels. At least that’s the story we’ve been hearing from mainstream media, environmental groups, and the Biden administration. But Donald Trump Jr. has a different, more lucid take on what’s been happening.
Billionaire Warren Buffett and other major donors to Democratic candidates clearly benefit from an end to Keystone XL. Their methods of transportation, from rail lines to semi-trucks, benefit from the diminished effectiveness of the pipeline. The oil will still come, but now it will have to be transported less efficiently and at higher cost to consumers.
[Editor’s Note: This article was written by Laurie Wimble and first published at NOQ Report]