People talk about the Russian war as the cause for supply issues. Russia contributes just 13% of global oil supply. Oil prices on the contract front are elevated not because of demand and supply. Look at the futures contracts. It is the main speculation that has created the bubble. Oil is at stage 3 decline, just one step away from kamikaze stage 4. I'm still not sure why Buffett is buying OXY at such a height. I'd like to think that he knows more than all that the price action is showing right now because if he is wrong, it ain't going to look pretty on Berkshire's price too.  

The Era of Expensive Oil Is Here to Stay

Even as prices drop to a three-month low, the world is still struggling to produce all the oil it needs—and the impact on global economics and politics will be profound.Southbound traffic is thick on
The Era of Expensive Oil Is Here to Stay

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  • LMSunshine
    ·2022-07-13
    Thx for sharing 🤗
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  • ATH
    ·2022-07-13
    ok
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  • munmunmia
    ·2022-07-13
    G
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  • wowk
    ·2022-07-13
    wow
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  • Hayleyxn
    ·2022-07-13
    ll
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    ·2022-07-13
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  • Deskok
    ·2022-07-13
    ok
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  • 堕落随心
    ·2022-07-13
    [微笑]
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  • Melodyyyyy
    ·2022-07-13
    Thanks.
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  • soosoo
    ·2022-07-13
    noted
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  • longLong
    ·2022-07-13
    [财迷]
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  • Shot
    ·2022-07-13
    yes
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  • 113071z
    ·2022-07-13
    a
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  • Low Jun Quan
    ·2022-07-13
    a
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  • Slee49
    ·2022-07-13
    OK
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    • Slee49
      OK
      2022-07-13
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  • wowk
    ·2022-07-13
    wow
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  • vimmu
    ·2022-07-13
    great
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  • LittleChive
    ·2022-07-13
    [Strong]
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  • bernardtayet
    ·2022-07-13
    Agreed
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