The Joplin Globe, Joplin, MO

Business

May 7, 2012

Buffett backs TransCanada’s proposed oil pipeline

OMAHA, Neb. — Billionaire Warren Buffett supports building the Keystone XL pipeline that TransCanada wants to build to carry Canadian oil south across the Great Plains to connect to Gulf Coast refineries.

Buffett was asked about the project that would cross Nebraska Monday on Fox Business Network.

Buffett says he’s not an expert on the project, but he thinks it generally makes sense to build the pipeline.

Last week, TransCanada reapplied for a permit to build the pipeline after changing the route through Nebraska to avoid the environmentally sensitive Sandhills region.

State Department approval is needed because the $7 billion pipeline would cross a U.S. border before crossing Montana, South Dakota, Nebraska, Kansas and Oklahoma. TransCanada has also proposed connecting the pipeline to the Bakken oil field in North Dakota.

 

1
Text Only
Business
Poll

Missouri Republicans are considering a new approach to prevent federal agents from enforcing laws the state considers to be infringements on gun rights: barring them from future careers in state law enforcement agencies. Do you think this proposal has merit?

Yes
No
     View Results
Facebook
Twitter Updates
Follow us on twitter
NDN Video
Raw: More Than 100,000 Gather for Easter Sunday Raw: Greeks Celebrate Easter With "Rocket War" Police Question Captain, Crew on Ferry Disaster Raw: Orthodox Christians Observe Easter Rite Ceremony Marks 19th Anniversary of OKC Bombing Raw: Four French Journalists Freed From Syria Raw: Massive 7.2 Earthquake Rocks Mexico Captain of Sunken SKorean Ferry Arrested Raw: Fire Destroys 3 N.J. Beachfront Homes Raw: Pope Presides Over Good Friday Mass Raw: Space X Launches to Space Station Superheroes Descend on Capitol Mall Man Charged in Kansas City Highway Shootings Obama Awards Navy Football Trophy Anti-semitic Leaflets Posted in Eastern Ukraine Raw: Magnitude-7.2 Earthquake Shakes Mexico City Ceremony at MIT Remembers One of Boston's Finest Raw: Students Hurt in Colo. School Bus Crash Deadly Avalanche Sweeps Slopes of Mount Everest