How do Warren Buffett and Sen. Ben Nelson benefit from the White House killing the Keystone pipeline?

Glenn spent a good portion of his show Tuesday night on GBTV to address Warren Buffett’s connections to TransCanada’s Keystone XL oil pipeline. Does the Oracle from Omaha have an interest in seeing the project killed? Glenn’s research team compiled quite a bit of evidence that could certainly lead one to reach that conclusion.

Back in January, the State Department advised the President to reject the proposal to extend the Keystone XL pipeline because it was not in the “national interest” of the country at this time. But why would Obama choose to not support this project when he has backed so many green energy projects, even ones that have failed like Solyndra?

According to Forbes, the pipeline would have been a huge job creator:

According to TransCanada, the company planning to build the pipeline, Keystone XL would alleviate transportation bottlenecks and improve capacity in a market where oil imports total 10 to 11 million daily barrels. The company claims it would put 13,000 people to work building the pipeline and 118,000 spin-off jobs “through increased business for local goods and service providers.”

Building the Keystone extension would provide additional transportation capacity at the crucially important city of Cushing, Oklahoma. The pricing point for NYMEX spot and future WTI contracts, which determine the price of crude oil, Cushing has faced severe bottlenecks as its capacity to transport crude oil to the refinery-rich Gulf Coast has been limited.

As Glenn pointed out, the oil that would have come in the pipeline would still be coming to the United States regardless, only now it would be through trains. And who owns the trains? Warren Buffett.

“The question is not about the environment or government studies,” Glenn said.

According to research done by GBTV and The Blaze, “Warren Buffett’s Burlington Northern Santa Fe LLC railroad — a unit of Buffett’s Omaha, Nebraska based Berkshire Hathaway — would be among those poised to reap sizable gains by the administration’s decision to reject TransCanada’s oil pipeline permit. Berkshire Hathaway purchased a 22% (or, $34 billion share) of the 32,000 mile line in 2009, shortly after Obama was elected.”

“Whatever people bring to us, we’re ready to haul,” said Burlington Northern spokesperson Krista York-Wooley.

Glenn said that Warren Buffet has vehemently denied ever speaking to The President about the Keystone Pipeline project despite the fact that he owned a company that would benefit from it’s cancellation.

“This pipeline should have passed. Because it’s safe, it’s a job creator, helps America get cheap oil and gets you lower gas prices,” Glenn said.

“He’s got to be the luckiest guy ever because he benefits from this.”

How did Buffett get so lucky? It had something to do with Nebraska Senator Ben Nelson.

WATCH Glenn explain below:

Buffett and Nelson go way back. In 2010 while the country was undergoing an overhaul of it’s financial regulations, Nelson worked hard to push legislation that would benefit Warren Buffett and Berkshire Hathaway. As of 2010, Nelson owned up to $6 million in stock in Berkshire Hathaway.

What are some of the other connections?

The Blaze and GBTV reported:

GBTV uncovered a startling connection between Berkshire Hathaway’s home-state and that state’s Senator Ben Nelson, who voted against the Keystone XL and lobbied that it be re-routed to avoid Nebraska. Ironically, the Senator’s attempts to thwart the pipeline were done while he himself maintained his state would heartily welcome the jobs created from the Keystone project. While Nelson’s position then seems counterintuitive, add to it the fact that he is heavily invested in Buffett’s Berkshire Hathaway.

GBTV revealed that from 2007 to 2012 Nelson contributed $27,000 to the company itself and according to a recent financial disclosure statement from 2008, he owned between $1.5 and $6 million of the company’s stock – his largest investment in any one company to date.

The pendulum seems to swing both ways, however. Buffett’s Burlington Northern Santa Fe PAC in turn contributed $5,000 to Senator Nelson’s Nebraska Leadership PAC and Berkshire Hathaway employees have reportedly long supported the senator, contributing at least $75,550 to the Nebraska Democrat over the course of his political career according to the Center for Responsive Politics.

Not coincidentally, Senator Nelson penned an op-ed column on March 5, 2012 entitled “Behind Those High Gas Prices.” As you can imagine, the senator was quick to tell Nebraskans that the spike “has nothing to do with the Keystone Pipeline” and also “isn’t a result of domestic oil production.”

Tying it all back to the Pipeline, Glenn concluded that it’s clear that both Nelson and Buffett have quite a bit to gain financially if Buffett’s trains were used to transport the oil instead of the pipeline.

“The political favors, the green house gas emissions, oil transported on choo-choo trains riding off into the smog-ridden sunset,” Glenn said.

And who loses? You.

“You’re not on the gravy train,” Glenn told the audience. “You’re in your car and most likely standing at the gas station pumping in gas that will be way more expensive.”

*Note - Warren Buffett announced he had non life threatening stage one prostate cancer after Glenn went on the air for this segment which is why the breaking news was not addressed during the show.

This was one of the first homesteads in the area in the 1880's and was just begging to be brought back to its original glory — with a touch of modern. When we first purchased the property, it was full of old stuff without any running water, central heat or AC, so needless to say, we had a huge project ahead of us. It took some vision and a whole lot of trust, but the mess we started with seven years ago is now a place we hope the original owners would be proud of.

To restore something like this is really does take a village. It doesn't take much money to make it cozy inside, if like me you are willing to take time and gather things here and there from thrift shops and little antique shops in the middle of nowhere.

But finding the right craftsman is a different story.

Matt Jensen and his assistant Rob did this entire job from sketches I made. Because he built this in his off hours it took just over a year, but so worth the wait. It wasn't easy as it was 18"out of square. He had to build around that as the entire thing we felt would collapse. Matt just reinforced the structure and we love its imperfections.

Here are a few pictures of the process and the transformation from where we started to where we are now:

​How it was

It doesn't look like much yet, but just you wait and see!

By request a photo tour of the restored cabin. I start doing the interior design in earnest tomorrow after the show, but all of the construction guys are now done. So I mopped the floors, washed the sheets, some friends helped by washing the windows. And now the unofficial / official tour.

The Property

The views are absolutely stunning and completely peaceful.

The Hong Kong protesters flocking to the streets in opposition to the Chinese government have a new symbol to display their defiance: the Stars and Stripes. Upset over the looming threat to their freedom, the American flag symbolizes everything they cherish and are fighting to preserve.

But it seems our president isn't returning the love.

Trump recently doubled down on the United States' indifference to the conflict, after initially commenting that whatever happens is between Hong Kong and China alone. But he's wrong — what happens is crucial in spreading the liberal values that America wants to accompany us on the world stage. After all, "America First" doesn't mean merely focusing on our own domestic problems. It means supporting liberal democracy everywhere.

The protests have been raging on the streets since April, when the government of Hong Kong proposed an extradition bill that would have allowed them to send accused criminals to be tried in mainland China. Of course, when dealing with a communist regime, that's a terrifying prospect — and one that threatens the judicial independence of the city. Thankfully, the protesters succeeded in getting Hong Kong's leaders to suspend the bill from consideration. But everyone knew that the bill was a blatant attempt by the Chinese government to encroach on Hong Kong's autonomy. And now Hong Kong's people are demanding full-on democratic reforms to halt any similar moves in the future.

After a generation under the "one country, two systems" policy, the people of Hong Kong are accustomed to much greater political and economic freedom relative to the rest of China. For the protesters, it's about more than a single bill. Resisting Xi Jinping and the Communist Party means the survival of a liberal democracy within distance of China's totalitarian grasp — a goal that should be shared by the United States. Instead, President Trump has retreated to his administration's flawed "America First" mindset.

This is an ideal opportunity for the United States to assert our strength by supporting democratic values abroad. In his inaugural address, Trump said he wanted "friendship and goodwill with the nations of the world" while "understanding that it is the right of all nations to put their interests first." But at what point is respecting sovereignty enabling dictatorships? American interests are shaped by the principles of our founding: political freedom, free markets, and human rights. Conversely, the interests of China's Communist Party are the exact opposite. When these values come into conflict, as they have in Hong Kong, it's our responsibility to take a stand for freedom — even if those who need it aren't within our country's borders.

Of course, that's not a call for military action. Putting pressure on Hong Kong is a matter of rhetoric and positioning — vital tenets of effective diplomacy. When it comes to heavy-handed world powers, it's an approach that can really work. When the Solidarity movement began organizing against communism in Poland, President Reagan openly condemned the Soviet military's imposition of martial law. His administration's support for the pro-democracy movement helped the Polish people gain liberal reforms from the Soviet regime. Similarly, President Trump doesn't need to be overly cautious about retribution from Xi Jinping and the Chinese government. Open, strong support for democracy in Hong Kong not only advances America's governing principles, but also weakens China's brand of authoritarianism.

After creating a commission to study the role of human rights in U.S. foreign policy, Secretary of State Mike Pompeo wrote last month that the principles of our Constitution are central "not only to Americans," but to the rest of the world. He was right — putting "America First" means being the first advocate for freedom across the globe. Nothing shows the strength of our country more than when, in crucial moments of their own history, other nations find inspiration in our flag.

Let's join the people of Hong Kong in their defiance of tyranny.

Matt Liles is a writer and Young Voices contributor from Austin, Texas.

Summer is ending and fall is in the air. Before you know it, Christmas will be here, a time when much of the world unites to celebrate the love of family, the generosity of the human spirit, and the birth of the Christ-child in Bethlehem.

For one night only at the Kingsbury Hall in Salt Lake City, on December 7th, join internationally-acclaimed radio host and storyteller Glenn Beck as he walks you through tales of Christmas in the way that only he can. There will be laughs, and there might be a few tears. But at the end of the night, you'll leave with a warm feeling in your heart and a smile on your face.

Reconnect to the true spirit of Christmas with Glenn Beck, in a storytelling tour de force that you won't soon forget.

Get tickets and learn more about the event here.

The general sale period will be Friday, August 16 at 10:00 AM MDT. Stay tuned to for updates. We look forward to sharing in the Christmas spirit with you!