Alberta Soap Box 🇨🇦

Comments Effecting Canadian Events – Ken McGregor

Is The Gateway Pipeline Just A Trick?

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What if the Northern Gateway pipeline was just a trick and the real target to get Alberta Oil to market was to ship it to Prince Rupert by train. By now it should be obvious to even the harden supporter that the Gateway has so much bad publicity and environmental flaws that there is no way it’s going to fly. So why is it still being touted as the only and best way to get Alberta Oil to the pacific. Maybe its the perfect bait and switch.

When Warren Buffett and Bill Gates sparked some speculation with their visit to Canada’s oil sands in August 2008, most thought they might invest in the oil sands companies. But instead, Bill Gates and Warren Buffett, have both been investing in railroads. In 2011 Bill Gates became largest shareholder in Montreal-based Canadian National Railway with over 10% of the shares. A $3.8 billion dollar investment. Huge even for a Bill Gates investment. Buffett’s Berkshire Hathaway acquired the Burlington Northern Santa Fe railroad in 2010 after having first bought up over 20% of its shares over a period of several years . And now the Burlington Northern Santa Fe is among the U.S. and Canadian railroads that stand to benefit from the Obama administration’s decision to reject the Keystone XL oil pipeline permit. Turns out a very smart investment from very smart investors.

And then there is the Canadian National Railway, the company that Bill bought, now considered the biggest Canadian railroad based on annual sales, considers the Alberta oil sands a chance to expand its business, according to company filings. Flying under the radar of the environmentalists rath, it already has an established right-of-way to Prince Rupert and could start shipping oil  to Asia as soon as loading facilities are built . Its been calculated that CN Rail has the capacity to deliver 2.6 million barrels of bitumen to Prince Rupert each day, compared to 525,000 barrels via the Northern Gateway Pipeline. Plus CN has already upgraded their track. A wise move by CN. Sounds like a lot more dollars in Bill Gates pocket and a great plan, but  another blow for Premier Clark. And all the while the environmentalist and first nations have been putting all their efforts to stop the Gateway and the Keystone pipeline. Dumbo’s. Do they really think they are smarter than Gates and Buffet.

The Alberta Oil Sands will get their oil to market. My guess is that the Harper government will say, oops, your all right, the Gateway pipeline and that untrustworthy Enbridge with all its oil leaks is a no go. How about we  use CN Railway. A great Canadian company with a great record. With the likes of Bill Gates, Warren Buffet and now the Chinese all with billions invested, its going to happen. In the mean time the environmentalists are being led around like the bunch of sheep and dopes that they are.

Ship Your Crude Oil Products by Rail. When you choose CN’s Crude by Rail service, you choose to ship cleaner and greener.
http://www.cn.ca/en/shipping-north-america-crude-by-rail.htm

Just a thought!

Please comment below or email ALBERTASOAPBOX@yahoo.ca

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