Warren Buffett: Why I'm Still Buying Oil Companies

Warren Buffett has a slightly different approach to oil and gas companies compared with other stock market investors, and in this video he shares his views on making long term investments in this unique and highly profitable industry.

[@jlg3315]

hydrocarbon is a precious commodity and we should retain our reserves here while using up the other guys (saudi arabia etc.) - Charlie Munger -

[@SamVaron]

08:55 very insightful moment

[@Bugnetblue]

Two guys who are so right on. These guys are so good at what they do and what they know and what they share with us. True teachers. As well really good humans on the planet . I am trying to copy what they do both in investing and in life. If I can do that I will be happy.

[@shankarbalakrishnan2360]

True we are well into the tipping point❤🎉🎉

[@yashagar4443]

Awesome, incredible 😂

[@christopherparsons3224]

If fossil fuels are evil, stop using anything plastic, driving your car (roads and tires use petroleum products also, and don't forget the lubricants), or using electricity. If you think all electric is the answer, good luck creating enough to power everything safely, without some fossil fuels, and good luck setting up that extensive of an electrical system, without the use of petroleum products to manufacture and maintain the system. If carbon emissions are the real issue, then why are there so many internal combustion engines without any catalytic conversion, or any sort of push to make that happen. There are motorcycles, lawn mowers, boats, snowmobiles, snowblowers, leaf blowers, weed eaters, generators, construction equipment, farm equipment, and surely some others I have missed that spew carbon emissions, but no regulations or even attempts at regulations. The reason is, the forced switch to EVs is about money, contracts and kickbacks, for the forced switching of the public into these things. Yes, we do need to diversify our energy sources and consumption, but good luck living without petroleum products and maintaining our current lifestyles. PS.... and Charlie is not only right about using the other guy's oil 1st, but it has been a matter of national security in the US for some time to make sure we have plenty of oil for our military. At one time, we were the largest consumer of petroleum products, just for our military alone. This would be another hush, hush reason to force people to switch to EVs and use climate change as an excuse for why we can't use crude oil. I refuse to argue with anyone about it the, since they will likely think the government and media and tell us the truth.

[@FerallHog]

Of course it’s not Evil!! It’s what this planet runs on. It gives everyone the cushy lifestyle we enjoy in this world! Thank God for fossil fuels

[@breakingbadest9772]

"the oil will be very precious over the next 200 years". Ah yes when the planet is 10 degrees warmer and we all live in misery?

[@drewlamb1378]

Oh wise one please bless us with your knowledge 😂

[@jasonhutchins9239]

Apparently you missed the part where he said both extremes are foolish

[@breakingbadest9772]

@@jasonhutchins9239 oh ok so physics doesn't apply to earth then? Sry my bad i guess :/

[@FerallHog]

Nah…you’ve been drinking the Left Wing Radical propaganda koolaid. Do some research.

[@teed0005]

​@@breakingbadest9772 it's a good thing physics does not say a 10 degree increase. C02 has a diminishing effect on heat.