Re: OXY

The week's question

In December 2024, in the thread "Re: BRK: Why Not XOM?", sykesix asked the members: "What do you do if you arrive early at movie besides go to the snack bar?" 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.

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This is spot on. The world is awash in oil supply and the US is producing, I believe, more than any country ever has at any time. Regular Unleaded in my town is $2.69 a gallon.

I think the operative word is "world". The US, though large as both extractor and consumer of oil products, is still just one (large) cog in a gigantic machine. Other than local fuel taxes, I think it's fair to say most of the drivers of oil and pump prices in the US originate outside the US.

Jim

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This community has written 22,499 posts about Berkshire Hathaway. The article-length ones it recommended most:

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