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Warren Buffett Bought Stake In Pipeline Company On Same Day As North Dakota Oil Train Explosion

Warren Buffett, the second richest man in the world, is cashing in on all facets of Big Oil...
Warren Buffett Bought Stake In Pipeline Company On Same Day As North Dakota Oil Train Explosion
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Via Desmogblog:

Thu, 2014-01-02 10:54Steve Horn

On December 30, the same day a Burlington Northern Sante Fe (BNSF) oil train derailed and exploded in Casselton, North Dakota, Warren Buffett — owner of holding company giant Berkshire Hathaway, which owns BNSF — bought a major stake in pipeline logistics company Phillips Specialty Products Inc.

Owned by Phillips 66, a subsidiary of ConocoPhillips, Phillips Specialty Products' claim to fame is lubricating oil's movement through pipelines, increasingly crucial for the industry to move both tar sands crude and oi...

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