Hi, Shrewd!        Login  
Shrewd'm.com 
A merry & shrewd investing community
Best Of BRK.ABest OfAll BoardsThe Shrewd’m WeeklyLearn to InvestHow to Become Shrewd
Search
Shrewd'm.com Merry shrewd investors
Search
Best Of BRK.ABest OfAll BoardsThe Shrewd’m WeeklyLearn to InvestHow to Become Shrewd


The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
Answer this questionContinue to Shrewd'mThis note won't appear again
Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
Unthreaded | Threaded | Whole Thread (27) |
Author: BreckHutHigh   😊 😞
Number: of 21944 
Subject: Re: OXY @ 56 and change?
Date: 08/27/24 6:49 PM
Post New | Post Reply | Report Post | Recommend It!
No. of Recommendations: 9
"I don't believe the general public has an appreciation for how much inertia the O&G industry has in this economy and that lots of earnings are out there in a transition that might unfold over the next 20-30 years. I expect a future with some diversified energy mix."

Exxon just came out with their global energy outlook. They believe global oil demand will remain flat at 100 MMBD at least until 2050 (26 years from now):

finance.yahoo.com - Exxon says oil gas still
corporate.exxonmobil.com - Energy supply

Chris Wright of Liberty Energy in Denver states there has been "no energy transition."
"-Hydrocarbons accounted for 85% of global energy during the Yom Kippur War (1973)."
"-Over the last 50 years, global primary energy consumption has more than doubled (1.6% CAGR)."
"- Hydrocarbons still make up 85% of global energy today"
(Slide 22)
enercomdenver.com - Enercom VF
enercomdenver.com - Liberty energy

Both Exxon and Liberty talking their book, but might help to explain Mr Buffett's thinking. Who knows, maybe they're right?

Post New | Post Reply | Report Post | Recommend It!
Print the post
Members reply directly to BreckHutHigh here — and replies get answered. Reading is free; so is joining the conversation. Join Shrewd'm »
This community has written 21,448 posts about Berkshire Hathaway. The article-length ones it recommended most:
BRK: Why Not XOM? · 62 recs · 2024
Second quarter comments · 60 recs · 2023
Berkshire's Profit Contributors · 57 recs · 2023
Summary of 2Q 2026 · 54 recs · 2026
3Q Summary · 53 recs · 2024
Unthreaded | Threaded | Whole Thread (27) |


Announcements
Berkshire Hathaway FAQ
Contact Shrewd'm
Contact the developer of these message boards.

Best Of BRK.A | Best Of | Favourites & Replies | All Boards | Followed Shrewds | Open Questions | Moving a community