For anyone curious, BNSF is - indeed - owned by Berkshire Hathaway
https://www.cnn.com/2020/09/15/business/berkshire-hathaway-bnsf-female-ceo-trnd/index.html
Indeed - Buffet owns Berkshire Hathaway
https://www.cnn.com/2020/11/16/investing/warren-buffett-berkshire-hathaway-drug-stocks/index.html
BNSF indeed ships at least 90 million barrels of oil specifically from the Bakken oil fields (the one in question), and had invested billions to increase their ability to ship oil in 2012
I can't find the price per barrel for shipping, though. Here's the pricing page, but you need a login
https://www.bnsf.com/ship-with-bnsf/pricing-and-tools/index.page
This site says shipping costs $10-15 per barrel, but shipping by pipeline would be about $5, 1/3rd the cost.
https://www.eia.gov/todayinenergy/detail.php?id=7270
That means the pipeline could potentially save the economy (but hurt Buffet) by at least $1 billion each year.
If you want to encourage more fact checking, send some btc my way!
bc1qxenlwlnjlscauzm73n7nhwu79tn08lqd5yv42q
For anyone curious, BNSF is - indeed - owned by Berkshire Hathaway
https://www.cnn.com/2020/09/15/business/berkshire-hathaway-bnsf-female-ceo-trnd/index.html
Indeed - Buffet owns Berkshire Hathaway
https://www.cnn.com/2020/11/16/investing/warren-buffett-berkshire-hathaway-drug-stocks/index.html
BNSF indeed ships at least 90 million barrels of oil, and had invested billions to increase their ability to ship oil in 2012
I can't find the price per barrel for shipping, though. Here's the pricing page, but you need a login
https://www.bnsf.com/ship-with-bnsf/pricing-and-tools/index.page
This site says shipping costs $10-15 per barrel, but shipping by pipeline would be about $5, 1/3rd the cost.
https://www.eia.gov/todayinenergy/detail.php?id=7270
That means the pipeline could potentially save the economy (but hurt Buffet) by at least $1 billion each year.
If you want to encourage more fact checking, send some btc my way!
bc1qxenlwlnjlscauzm73n7nhwu79tn08lqd5yv42q
For anyone curious, BNSF is - indeed - owned by Berkshire Hathaway
https://www.cnn.com/2020/09/15/business/berkshire-hathaway-bnsf-female-ceo-trnd/index.html
Indeed - Buffet owns Berkshire Hathaway
https://www.cnn.com/2020/11/16/investing/warren-buffett-berkshire-hathaway-drug-stocks/index.html
BNSF indeed ships at least 90 million barrels of oil, and had invested billions to increase their ability to ship oil in 2012
I can't find the price per barrel for shipping, though. Here's the pricing page, but you need a login
https://www.bnsf.com/ship-with-bnsf/pricing-and-tools/index.page
This site says shipping costs ~$13 per barrel
https://www.eia.gov/todayinenergy/detail.php?id=7270
If you want to encourage more fact checking, send some btc my way!
bc1qxenlwlnjlscauzm73n7nhwu79tn08lqd5yv42q
For anyone curious, BNSF is - indeed - owned by Berkshire Hathaway
https://www.cnn.com/2020/09/15/business/berkshire-hathaway-bnsf-female-ceo-trnd/index.html
Indeed - Buffet owns Berkshire Hathaway
https://www.cnn.com/2020/11/16/investing/warren-buffett-berkshire-hathaway-drug-stocks/index.html
BNSF indeed ships at least 90 million barrels of oil, and had invested billions to increase their ability to ship oil in 2012
I can't find the price per barrel for shipping, though. Here's the pricing page, but you need a login
https://www.bnsf.com/ship-with-bnsf/pricing-and-tools/index.page
If you want to encourage more fact checking, send some btc my way!
bc1qxenlwlnjlscauzm73n7nhwu79tn08lqd5yv42q