
2023-Part 2-BRK Annual Shareholders Meeting
Berkshire Hathaway Annual Shareholder Meetings (since 1994)
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The Economics of Short-Living Oil
There's times from oil down there that nobody knows how to produce. They've been working at it for like 50 years, but they worked at the existing shale production for about 50 years before they figured it out. There's only one type of sand that works. Can you imagine a horizontal pipe? You know, maybe a mile and a half or something. It's just so different than what you think about. How the hell do you build two or three miles laterally when you're already 2 or 3 miles under the earth? Do we only get any oil out of these wells at all? And we love the position with Oxidanol. Yeah, we love having Picky run it
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