John D Rocefeller made billions off of oil pipelines
- Thread starter pepsicock
- Start date
Now we have Buffett making billions stopping a pipeline with millions in contributions to democrats
I can understand your bewilderment. I guess I have not seen it on a bumper sticker. As I have said you are not capable of complex thinking
Rockefeller was one magnificent capitalistic bastard. He'd use any means legal or otherwise to crush the competition, and sometimes the people he'd gone into business with.
He got sued a lot. But, just like today rich people get better justice than the ordinary folk.
He got sued a lot. But, just like today rich people get better justice than the ordinary folk.
Geez Huey. You're trying to reason with aflac and pepsi? Might as well find a wall to talk to.
Or make sure your back is to the wind before you whip it out.......
His grandson is still alive and he basically put together our internationalist agenda.
http://freebeacon.com/politics/obama-campaign-borrows-15m-from-bank-of-america/
Obama Campaign Borrows $15M from Bank of America
Warren Buffett invested $5B in BofA last year
BY: Washington Free Beacon Staff
October 19, 2012 10:40 pm
Obama For America took out a $15 million loan from Bank of America last month, according to the campaign’s October monthly FEC report. The loan was incurred on September 4 and is due November 14, eight days after the election. OFA received an interest rate of 2.5% plus the current Libor rate.
Warren Buffett, Obama donor and namesake of the infamous “Buffett Rule,” invested $5 billion in Bank of America last year in an effort to help the ailing financial institution. Last month, two weeks after OFA took out the loan, Bank of America announced a plan that would lay off 16,000 workers by the end of the year.
Obama has a complicated relationship with Bank of America. The bank contributed $20 million toward the cost of the Democrat National Convention earlier this year. Bank of America stadium, home to the Carolina Panthers, was supposed to host Obama’s acceptance speech. At the last moment, the campaign switched to a significantly smaller venue. The campaign claimed that an impending storm would not allow the President to deliver his address. Many questioned whether move was made because the campaign was having trouble filling such a large stadium.
It is unclear why the first $1 billion campaign needed an extra $15 million for the final two months of the campaign.
TUESDAY, MARCH 12, 2013
made billions from the insurance company bailouts. The bank in which he holds a $5 billion stake, Bank of America, made a sweetheart $15 million loan to the 2012 Obama campaign at 2.5% (far below the rate of inflation). But Buffet's recent government/railroad deal would make Andrew Carnegie blush.
Buffett's railroad interests have been doing quite well since the government's suspension of Keystone Pipeline extension. His key railroad interest, Burlington Northern, is the preferred alternative petroleum shipping method to the Keystone Pipeline. This is interesting because Buffett bought his stake in Burlington Northern just before the government halted the Keystone project, and he allegedly influenced the government's decision to suspend. And how much reward has Buffett reaped from the Burlington Northern/State Department deal? While staring at awe at this chart, keep in mind that demand for gasoline has been tanking while rail car loadings of petroleum have been going parabolic:
http://www.economicpolicyjournal.com/2013/03/warren-buffets-keystone-connection-in.html
made billions from the insurance company bailouts. The bank in which he holds a $5 billion stake, Bank of America, made a sweetheart $15 million loan to the 2012 Obama campaign at 2.5% (far below the rate of inflation). But Buffet's recent government/railroad deal would make Andrew Carnegie blush.
Buffett's railroad interests have been doing quite well since the government's suspension of Keystone Pipeline extension. His key railroad interest, Burlington Northern, is the preferred alternative petroleum shipping method to the Keystone Pipeline. This is interesting because Buffett bought his stake in Burlington Northern just before the government halted the Keystone project, and he allegedly influenced the government's decision to suspend. And how much reward has Buffett reaped from the Burlington Northern/State Department deal? While staring at awe at this chart, keep in mind that demand for gasoline has been tanking while rail car loadings of petroleum have been going parabolic:
http://www.economicpolicyjournal.com/2013/03/warren-buffets-keystone-connection-in.html
*Buffett should know. His company, Berkshire Hathaway, purchased Burlington Northern Santa Fe for $34 billion years ago. FORBES estimates its value has doubled since then. Part of the reason: hauling oil out of the Bakken formation of North Dakota. Why would he be in favor of pipelines?......he says he is in favor of the Keystone.
http://www.forbes.com/sites/zackoma...uffett-is-still-bullish-on-rail-and-keystone/
http://www.forbes.com/sites/zackoma...uffett-is-still-bullish-on-rail-and-keystone/
