Hi, Shrewd!        Login  
Shrewd'm.com 
A merry & shrewd investing community
 Best Of BRK.A | Best Of | Favourites & Replies | All Boards | Post of the Week!
Search BRK.A
Shrewd'm.com Merry shrewd investors
Best Of BRK.A | Best Of | Favourites & Replies | All Boards | Post of the Week!
Search BRK.A

Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤
Unthreaded | Threaded | Whole Thread (9) |
Author: Mark   😊 😞
Number: of 15056 
Subject: Re: Blood in the streets coming for the oil business _
Date: 05/05/2025 9:19 AM
Post New | Post Reply | Report Post | Recommend It!
No. of Recommendations: 0
Has it occurred to you that the Saudis and other members of OPEC may have a plan to make sure it's never cost effective to, drill baby drill?

Surely they do have such plans. However, that isn't the real question. The real question is if they've been able to grow other industries to replace the lost oil income when it is being sold at "half price". If they have grown other industries, then they can relatively easily do it, maybe with a little belt tightening. But if they have not grown other industries yet, then they cannot do so without severe economic issues.

(They have to diversify their industry anyway because someday oil demand will slow and begin a long-term decline.)
Post New | Post Reply | Report Post | Recommend It!
Print the post
Unthreaded | Threaded | Whole Thread (9) |


Announcements
Berkshire Hathaway FAQ
Contact Shrewd'm
Contact the developer of these message boards.

Ticker or Board Name Author

Best Of BRK.A | Best Of | Favourites & Replies | All Boards | Followed Shrewds