Berkshire Hathaway Annual Shareholder Meetings (since 1994) cover image

2023-Part 2-BRK Annual Shareholders Meeting

Berkshire Hathaway Annual Shareholder Meetings (since 1994)

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The Permian Oil Field

In the United States, it's interesting. We use what are we use, maybe 11 in a fraction,. But if shale stopped, it would drop to 6 million very fast. Just imagine taking 5 million barrels a day out of the production in the world. And then we're also taking down our strategic petroleum reserve. The petroleum reserve is the ultimate oil field. You don't have to drill. It's just that we've got to, and it was supposed to be strategic but it gets involved in politics. So when Joe BusleyOil business should all make different kinds of businesses, basically.

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