Warren Buffett on oil: We like Occidental's position in the Permian Basin

[@AlilatTiamiyu]

I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for...

[@zubairadamu2477]

I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.

[@AlilatTiamiyu]

@@zubairadamu2477 That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well

[@zubairadamu2477]

@@AlilatTiamiyu My advisor is VICTORIA CARMEN SANTAELLA;

[@zubairadamu2477]

You can look her up online

[@zubairadamu2477]

@@AlilatTiamiyu My advisor is VICTORIA CARMEN SANTAELLA;

[@neilvarghese9138]

These men are truly blessed to have a working mind at this age.

[@Erikkurilla01]

Increasing interest rates are going to continue to increase bank failures because it puts their commercial paper and treasuries underwater. They need to freeze interest rates to prevent a deep recession in the economy. At the same time the White house needs to help industry to increase gas and oil output to reduce fuel prices. The war on oil only serves to increase energy prices which trickles out to the rest of the economy as inflation. Lowering interest rates, tightening the money supply, reducing government spending and increasing the cheap supply of fuel will result in reduced inflation and a booming economy. Presto, no inflation and no recession. Of course there are a lot of other agendas out there that will never let all of that happen, so hello recession and sticky inflation.

[@jessicasquire]

The key to big returns is not big moving stocks. It's managing risk in relationship to reward. Having the correct size on and turning your edge as many times as necessary to reach your goal. That holds true from long term investing to day trading.

[@Scottieguru]

Oil is abundant all over the world. There is no shortage. What is intriguing these days is how the major companies have stopped investing money in exploration and drilling new wells. They are keeping their production flat, buying back shares and paying out small dividends. This behaviour is keeping the supply tight over demand. The price per barrel is strong enough to allow these companies massive amounts of cash flow to buy back shares rather than spending millions on exploration and development. Despite the looming financial instability the demand for oil will stay strong but the development of new wells will lag behind this demand thus keeping the price between $70 to $100 per barrel. Bottomline; invest in a company with low debt, that is buying back shares and has years of reserves in the portfolio.

[@LesserMoffHootkins]

I drink your milkshake. I drink it up!

[@flyboy98]

Sorry I work as a geologist in the industry...sadly we are scraping the bottom of the barrel. There's almost no conventional 'big' proespects left and the unconventional locations left are the tier two properties. Peak oil is here IMHO.

[@Scottieguru]

@@flyboy98 oil reserves around the world are plentiful

[@sledtobed]

​@@flyboy98 amazing how there are totally opposite projections plenty bottom barrel ?

[@ethannaka1822]

@@angelobalbi $CNQ ?

[@torrancerolfson]

Now, I Just realized that the secret to making a million is saving for better trades. I always tell myself you don't need that new Maserati or that vacation just yet. That mindset helped me make more money trading. For example last year I Traded with 10k in Crypto and made about $146k,but guess what? I put it all back and traded again and now I am rounding up close to a million

[@umarsheikh025]

Buy the dip? I love dips, I love all time lows in stocks 😍😍😍​@AdelineConroy

[@ded5736]

I can't believe Charlie is 99 years old

[@svenhodaka9145]

GOATS, both of them. Much respect. I’m looking forward to seeing Charlie at next year’s meeting too. He’ll be 100🎂 before then. 😁

[@WallofGoats]

😢

[@steeldragonjovi]

This didn’t age well 😭

[@aalvarezjr0827]

California have a lots of oil the Monterey shale I think they said it’s somewhere like 687 billion bbls they just have to figure out how to get it out and it’s deeper then the regular 6, 8 10 thousand ft well .

[@jonsmith568]

big fan of buffett, but cant understand him here.

[@rodrigonunescal735]

Bets wishes always for you!! #probability #person #people #countries #place #city #life #lives

[@al-bp1pi]

Rip Charlie

[@KyliesTablet]

Mr. Buffet what do you know about trading water rights and futures?

[@texansforever6782]

missing Charlie rn

[@ClaudioPascual]

Are these guys immortal or what?

[@snwbm]

What

[@eddylauterback1312]

I listened to the whole "show" and Charlie says more with less words than Warren

[@nqh777]

that's how they control this great meetings for decades, not just this one

[@7777voyles]

If they ever come up with free energy. Which they will. Oil will be around forever we need it. It just will not be demanding as it is now. For Oil and gas. When I was very young kid. We had a family geologist tell me there’s enough oil to last for millions of years in the PermianBasin. I have lived in the PermianBasin all my life.

[@christopherparsons3224]

Figuring out how to more efficiently extract electricity from the electrical energy inherent in the atomic structure is a likely possibility, if the world can survive to such a time. However, good luck making plastic, car tires, asphalt, and heavy lubricants (e.g., grease) out of electricity.

[@ericdoheny9108]

Free energy LoL

[@ItchyColt-zh5or]

@@christopherparsons3224 Well said!

[@MuhammadShahid-gh7ez]

It's a good video

[@agtanalyzers6321]

shale oil decline faster and probably does not have a long tail

[@manvirsandhu9315]

Great physical health and mental health for their age.

[@vishalkhanna1476]

Natural gas showing momentum..should we add?

[@shankarbalakrishnan2360]

I have pledged to get rid of the debt and ignorance haha❤❤🎉🎉

[@AzeddineHamich]

The American Dream 🇺🇸

[@aaronwhite3119]

Fascinating comments; Thank God the Excelsialytes take a brief moment periodically to enlighten the Uninitiated.

[@rodrigonunescal735]

Assuntos muito importantes abordados neste vídeo acima, com certeza!!

[@greenjoygardens]

Too bad they didn't answer the guy's question.

[@rodrigonunescal735]

*Best

[@cvenkatnarasimham5090]

Good decisionto take oil shares taken by fathernow rich pl

[@stevepace-first8617]

Environmental catastrophe.

[@matthart3771]

Stuff all downside, maybe plenty of upside, legends usally spot on in there big bets

[@otisregatoni617]

They both are struggling- doing their best though.

[@otisregatoni617]

@Chad Abercrombie good prose

[@LesserMoffHootkins]

Burns Slant Drilling Company

[@theassertivegentleman]

I'll be waiting for $40 to begin building my long position.

[@richardcranium2059]

There are always folks like yourself coming in late to the party thinking of that big "second chance" window. OXY shares won't hit $40 now that large amount of debt has been paid, shares bought back and oil remains relatively stable around $65-75. OXY makes $$ at or above $40/bbl. You should've been there to buy shares or warrants in Oct 2020 if you wanted real value and upside potential! The old adage "Never let a crisis go to waste" is largely used in politics but works in financials just the same for those that ready themselves for the moment.

[@amilionare]

It’ll be in the 40’s soon if your still waiting 😅😅

[@theassertivegentleman]

@@amilionare I'm still sidelined.

[@rodrigonunescal735]

Subjects very important related in this video, of course!!

[@iwasjustthinkingabout]

Buffet would make a good Joker lol

[@randokuruza]

they are turning into these old dudes from the Eddie Murphy movie that bet that $1

[@JonPublic]

Turning into? They were those dudes, before that movie even existed..

[@SedriqMiers]

Save time @ 1.25 speed

[@kizzys054]

(Listen there's no um numerical thought process to My word ology I don't allude numbers to words stop counting)

[@jonsmith568]

6:25 "It's just different." One of the rare times I think Buffett has no clue what hes talking about

[@Dave-ji1yp]

TWO SMARTEST MEN IN THE 🌎 WORLD...👍👍

[@lisalove6327]

What is happening

[@kizzys054]

(well am I um right?)

[@artkozak]

I wonder whether they care about the climate crisis. They didn't mention it at all. The elephant in the room.

[@sa34w]

Who cares , let the polar bears drown. They are people killers.

[@karlw7764]

Buffett addresses this, and the answer is that it is irrelevant to their investing decisions, which are completely rational. If there is money to be made investing in oil production, they will invest. If there is a climate "crisis", it is due to consumption of oil. So far no one has figured out how to live without consuming it. As long as it is consumed, there will be a market for it, and people will get paid to produce it. Not producing it just drives the price up and encourages more production. Trying to stop people from producing it by not investing in production is just giving money to people who will invest in it - like Warren Buffett, and a zillion other people who like to make money. Making oil more expensive for ourselves just gives China and other developing economies a huge competetive financial advantage, which is effectively a subsidy for them. We have to radically reduce energy consumption overall and also use a bunch more nuclear energy to solve this CO2 problem. Having higher energy density batteries will definitely help on the transport side. Solid state. Toyota by 2028.

[@ronaldschwigel-tb5cw]

drill baby drill

[@shankarbalakrishnan2360]

Another hindenburg coming for india

[@Scottieguru]

Babbling on and on and on and really saying practically nothing.

[@phill2035]

Thank you. I was wondering if I was the only one who noticed.

[@fallserigne3491]

Man that's what old people do 😂

[@kizzys054]

(love I'm using um someone else phone I'm not a female.)

[@rustyshakelford7057]

bidens brother

[@fullauto1125]

Mfg

[@raqueldominguez7834]

😘🥀

[@jloos9959]

Painful, it's like listening to Biden.....sorry, just don't worship at the same place as you.

[@roketynoramallorca2882]

In all cultures it's quite common to listen to the wise elders. And it makes sense. "young is better" is a sign of modern decadence.