Y2Kyoto: End Of Oil

26 Replies to “Y2Kyoto: End Of Oil”

1. Looks like Warren is not getting out of the oil/fossil fuel business.

   1. Smart man.

   2. VOWG – He was going to sell his rail cars? I doubt it.

      Occidental Enters into Agreement to Acquire Direct Air Capture (DAC) Technology Innovator Carbon Engineering (of Squamish, British Columbia) for approximately $1.1 billion (US). That’s twice the value of what Warren paid for Occi stock. https://www.oxy.com/news/news-releases/occidental-enters-into-agreement-to-acquire-direct-air-capture-technology-innovator-carbon-engineering/

      DAC is super expensive. It is expensive to extract CO2 out of gas turbines etc at 3 or 4%. That’s 30,000 parts per million (ppm). Imagine how expensive it must be to extract it from air at 400 ppm. Sell your Berkshire stock while you can.

      1. He has what I call rolling pipelines.

         1. Lol. Very large diameter pipes! He’s against stationary pipelines.

   3. Was there a trade off of wind and solar?

2. Those trains of his don’t run on unicorn farts.

   1. The “diesel” in diesel-electric is silent in order to impress your greenie friends.

3. Someone must have tipped Warren off to the possibility of picking up fossil fuel stocks at a bargain price from people stupid enough to take these “global commitments” seriously. The “global community” is only truly committed to getting rich, destroying Israel, and not much else.

   Hamas made a (figurative) killing, it’s said, shorting Israeli stocks before October 7.

   There’s only one way to make real money in the stock market: be in a position to pick winners and losers and trade accordingly.

4. Because despite what the climate fanatics think, there is still money to be made?

5. Seasonal buy. We’re dead center in December. We (and all of the EU) still have January and February to “weather.”

6. “Revealed Preference”

7. Don’t forget crony capitalist Buffet pumped climate change to kill pipelines so he could move oil by his railroad.

   He cares only about making money. Nothing more.

   1. Nobody ever said he was stupid, Ward.

      1. If I was as stupid as Warren Buffet, I wonder would I be rich?

   2. You say that like its a pejorative?? What the hell else is Holding Company chairman supposed to care about? Berkshire Hathaway exists to make money, and they are good at it, at least they understand their purpose.

8. Good quality oil and gas assets outside of canaduh is a great opportunity right now.

   1. Consider the increase in our GDP if we use our oil reserves.

9. Underinvestment in oil and copper has gone on for a number of years in the West. I expect good things from investments in both in the future. The real trick is going to be surviving the blackouts.

   1. The real trick is living long enough to get results. . A Canadian, Brit Smith died a few weeks ago, 103, one of the biggest real estate rental holders in Canada. Lived in a mansion on the St Lawrence that he bought from an in law of mine. Made good decisions all his life. He takes nothing with him, as we will take nothing with us. You have some wealth, enjoy it.

10. He’s buying oil stocks because anyone with a functioning brain knows that there will not be a phase out of fossil fuels anytime in the near future. Transportation, consumer products (plastics), clothing, fertilizer, electronics, “renewable energy”, etc., all are made with fossil fuels.

    It’s as delusional to think that shutting down Canadian oil and gas production will stop climate change as it is to think that confiscating legally owned rifles from prairie deer hunters will stop illegal handgun crime in Toronto. We have an incredibly stupid and corrupt federal government.

    1. We will all die without coal, oil and gas, any idiots who says otherwise can do without it if they wish.

    2. And besides, somewhere an Oiligarch is briefing James Bond on the danger these Greens are to the people of planet earth. Go James.

11. Warren Buffett is one of the front-men buying artificially devalued assets. The POSs behind the curtain have been destroying the industry for years using every moronic lie they can think of. And now that they’ve announced there’s an end-date to the industry as a whole, it’s time for them to buy it up for fractions of pennies on the dollar.

    This signals to me that there is a future for petroleum after all. But only after assets trade hands.

12. The harder Guilbeault and all the other Climate Crisis Cultists (CCC) work to keep oil in the ground, the more valuable it will become.

    1. And the deader they will be. People will not freeze or starve for Gilbert or Twaddels.