Monday, May 15, 2017

Don Surber: Trump busts a billionaire's monopoly

Don Surber: Trump busts a billionaire's monopoly:
Trump busts a billionaire's monopoly
For eight years, Barack Obama waged an open war against North Dakota. 
Obama's billionaire buddy Warren Buffett owned the railroad that had a near monopoly on transporting oil out of the state. 
Obama kept pipelines from opening because it would ruin Buffett's monopolistic environment.

I hope Buffett paid Obama well for services rendered.

But that swamp was just drained.

From the Associated Press:
There are hundreds more jobs than takers in the heart of North Dakota's oil patch. Finding a hotel room, parking space or table at a restaurant is no longer easy.
More than two years after the state's unprecedented oil bonanza fizzled to a lull, North Dakota - the nation's No. 2 oil producer behind Texas -- is experiencing a sort of boomlet that has pushed daily production back above 1 million barrels daily....
Buffett is kissing off $3 million a day -- $1 billion a year.

Image result for obama buffettFrom the story:
The $3.8 billion pipeline -- expected to be fully operating next month -- opens up the possibility for North Dakota oil to be sold on the world market, where industry officials say it could earn several dollars more per barrel. Shippers also can save about $3 per barrel moving the oil by pipeline rather than using the mile-long trains that have carried North Dakota crude to the Gulf Coast since 2008, industry officials say.
Buffett pocketed $3 a barrel from transporting 1 million barrels of oil a day on his railroad..."
Read on!!

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