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Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta

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Message: Re: Goldman Assistance

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Jan 30, 2012 12:27AM

1984:

The real reason that Obama is obstructng the pipeline is that Warren Buffet owns BNSF Railroad and Obama owes Buffet bigtime. If there is no pipeline then the oilsands production will be shipped by rail. And as long as the US consumer is footing the bill, then why should Canada go to the expense of building a pipeline to Kitimat unless they want to build a network to supply oil to the developing world. Which in fact would be wise in order to diversify the Canadian customer base. Thereby decreasing dependence on any one customer. So my bet is that a pipeline will get built to Kitimat and Buffet (BNSF), will ship by rail from the junction of Canadin railroads and Burlington Northern Santa Fe. All win except the US pipelines and the US consumer as shipping by rail will be more expensive. And as Obama is obstructing at present the pipeline, he gets the advantage of ameliorating the envirinmental wacko crowd until after the election. Keep your eye on the ball. And right now the ball is politics, crony capitalism and the interests of the big boys. Even a pipeline wll get built. But to Kitimat. Not the US!

Brian






Jan 30, 2012 09:56AM
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