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TIP468: Why Buffett is Investing in Oil Companies W/ Josh Young
We Study Billionaires - The Investor’s Podcast Network
What Does That Mean for Europe?
The next shoo to drop, i think, is that there's this increasing amount of oil being burned for power because the economics are so overwhelming. Western european countries are very wealthy, particularly germany. And if you can make twice as much power, and your power constrained in germany by burning nodesel instead of burning natural gas, you're goin to go burn that oil or tesel. There will be a significant reduction in demand when we start getting colder temperatures,. What dies that due to the demand? And what? What ramifications might we expect from that? So my paradime is lhike.
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