2min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP551: Berkshire Hathaway Annual Shareholders Meeting 2023

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

The Politics of Oil Production

There is no oil basin in the United States that compares to the Permian in terms of promise. You can't even borrow to expand a coal mine now. We will make rational decisions and we do not think it's un-American to be producing oil. The second or third stock I bought was Texas Pacific Land Trust who owned all three million acres down there. They were sitting on this incredible amount of oil but they're now part of Chevron.

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