The Train Keeps A Rolling

In continuance of their tired attacks on those evil Koch Brothers and in effort to slam the GOP, did those on the left forget to note that without the pipeline the oil is currently transported by rail and who is among those profiting from it?

That would be our favorite ukulele playing uncle, Democrat Warren E. Buffett of Omaha, a significant backer of Barack Obama.  In 2010, Buffett sold stakes in other rails, inclusive of Union Pacific (UNP:NYSE) and Kansas City Southern (KSU:NYSE), to purchase Burlington Northern Santa Fe, which became a subsidiary of Berkshire Hathaway Inc.

Buffett friend Bill Gates has also taken large equity positions in railroads.

I do not have an issue either way where investors legally find return on investment, just pointing out what DemoNews.org failed to be transparent about.

With transparency in mind, full disclosure would note I am a native Nebraskan and have been a longtime shareholder of Berkshire Hathaway (BRK.B:NYSE). The train keeps a rolling! #GBR!

Warren Buffet with Nebraska Cheer at BRK Annual Meeting

Snake Oil

Oh thank heaven. Not!

Gas price in metro Orlando on 3/5/2013

Pulling on to pit road for a fuel stop the other day was painful.  Gas prices are near historical highs, and nobody seems to care.  In fact, the average national price per gallon has been over $3 for well over a year now.

 

I recall when gas spiked last decade under President Bush, the mainstream media, including local network affiliates, worked the citizenry into a frenzy.  Details of how the misery of the high gas prices negatively affected family after family and businessman after business were the top news story nightly with reporters in the field at gas stations far and wide.

 

Not these days. With the anointed one in office, the media cannot be bothered by a story that casts negativity on their beloved president. These folks do not present the truth, only propaganda.

 

Do they want a story?  Well, light sweet crude, which reached $147 a barrel under the spike under Bush, is only approximately $90 per barrel now.  What gives?

 

 

Although the Democrats hammered Bush and the capital markets during the spike last decade, they could not recognize then what they deem true now; that much of the price of oil under the current environment is out of the presidents control. True then, true now.

 

However, while the president cannot directly control world prices dictated by OPEC, control over the blessings of our natural resources can be engaged.  President Obama has failed to do so and stands opposed to it, so part of the infliction of pain on gas consumers lies on his desk.

 

He has borrowed taxpayer money to gamble on experimental alternate sources of energy which have ended in bankruptcy more often than not.  An outspoken opponent of fossil fuels, Obama has failed to move forward on the Keystone pipeline and has decreased our production.  Actions in the aftermath of the Gulf Oil Spill were designed to decrease our production, never letting a crisis go to waste. In addition, the US being Brazil's best customer does not help Americans at the pump.

 

But Obama has stated he prefers gas prices to reach European levels in a methodical manner, and has placed regulatory action on vehicles aimed at nudging motorists into small engine block vehicles the majority of the populous rejects. 

 

Cities embracing sustainable development and principles found in Agenda 21 are rewarded, and the punishment absorbed by the citizenry due to the hidden tax of high gas prices is a orchestrated mechanism to nudge Americans away from the pump.

 

Pain for the public to achieve political gains is sadly part of the plan to transform the United States of American and transfer our wealth to nations perceived as victims of our economic advancement.

 

Described as a new normal, nothing could be further of the truth. Simply sold as snake oil.