Because we’re a mite out of practice, we’re gonna ease into this thing today with some simple stuff.
President Obama continues to block the Keystone Pipeline project.
And yet, Canadian oil exports to the United States continue to expand.
How’s it getting there?
Wait a minute ..... where have I seen a chart like this before?
Of course, it looks just like Michael Mann/Al Gore's famed "Hockey Stick" chart!
Oh well, at least the profits were real ..... in both cases.
Silly political reporters spent a couple days arguing about “ugly politics”, the “Green” wing of the Democrat Party and how they are killing jobs all over the country.
Your Uncle Roany, cynic that he is, is inclined to consider a different possibility and wonders who owns the Rail Cars delivering all that oil.
Mostly, it’s the Burlington Northern Santa Fe Railroad.
Burlington Northern Santa Fe Railways is 22% owned by Berkshire Hathaway since 2009.
You might have noticed that shipments of oil by rail took off big time in 2010.
Speaking of rich guys, Berkshire Hathaway’s largest shareholder is of course Warren Buffett.
Who, as an aside through Berkshire Hathaway, also bought a 1% interest in Suncor, a huge player in the Canadian Oil Sands just last summer.
In the interest of full disclosure, your Uncle Roany is about to get back into COS.
Speaking of oil, Russia is about to end up with about as much Ukraine as Putin feels like having despite the best efforts of the Neocon/Lib imbeciles running amok over at the CIA/State Department, as Europe will cave on the issue, leaving the pathetic little man in the White House with even more egg on his face than usual.
Here are the only two pieces of information you need in order to discern the fate of Ukraine.
If you’re wondering where the world’s proven oil reserves reside now days, here’s your answer.
Not much has changed in a while.
Not much has changed on the consumption side either, except that China continues to expand it's consumption.
Along with it's pollution problems.
That's all for now.
To quote Tony Kornheiser,