Major GOP Donor Paul Singer versus Democrat Donor Warren Buffett on Texas Energy

Major GOP Donor Paul Singer versus Democrat Donor Warren Buffett on Texas Energy

by Artemio “Temo” Muniz

There is an interesting battle going on between Warren Buffett’s Berkshire Hathaway Energy and Ted Cruz and Donald Trump donor Paul Singer over the purchase of Oncor Electric Delivery Company, a Texas electric transmission that matters to 3 million Texans. As a recent article in the “Capitol Inside” describes some of the behind the scenes of the attempt by Buffett’s group to purchase Oncor. Ever since 2012 or so, when the national Republicans and conservative figures began blasting Buffett for his lobbying of the complete stoppage of the construction of the Keystone pipeline, I have been fascinated in how very important issues that affect our energy supply seem to fade in the background while our party engages in loud, bombastic policy battles. BNSF, owned in majority by Buffett, benefited because it was railing in oil, and the Keystone Pipeline would be bad for its business bottom-line. As conservative blogosphere chatter grew in its intensity against Buffet, it was in Tampa Bay at the 2012 RNC Convention that BNSF was plastered everywhere a major corporate sponsor, and the chatter about BNSF benefiting while the Keystone Pipeline was on hold disappeared.

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