The Role of Berkshire Hathaway in the Permian Basin

The Wall Street Journal reported in March that oil producers are producing less oil than they may have reached their peak in the Permian Basin. Berkshire Hathaway has significant holdings of both Occidental Petroleum and Chevron, including a large stake in ExxonMobil. Buffett: Even if we weren't worried about global warming, it would make sense to shift renewables to conserve our hydrocarbons.