Subject: Re: Chevron Buyback & Dividend Raise
My wild guess is that Buffett has some sort of insight on the sustainability of energy investing returns throughout this sector. The mantra is that you briefly rent particularly oil and gas businesses but if there's a continual lack of over-investment this may not be as accurate as in the past.

In any event Berkshire has gone bigger consistently in this industry and posts about energy should not be considered off topic or deleted as they were on the previous MF board.