Suncor Energy Inc T.SU

Buffet Bets On Fossil Fuels Amid Cheap Market Valuations

[matt2018]

I think this guy knows a thing or two about investing.
I'm following the smart money vs. the naive and the misinformed.


By Tsvetana Paraskova - Jul 25, 2023, 6:45 AM CDT
Warren Buffett and his investment conglomerate Berkshire Hathaway have been increasing stakes in oil and gas industry operators this year as cheap valuations and attractive returns make fossil fuels good investments amid the ongoing ESG considerations from many other investors.

[oilandgasmick]

You are right, he definitely knows. He also knows that oil and gas isn't going anywhere. I have a question for Mr. "Riddle me this" the ecozealot- who trolls the thread with this nonsense about Canada getting out of the oil business. If we got out of the oil business then how would farmers and ranchers:--- plant, grow, harvest and transport food to market?  The answer is that

[jx7000]

oilandgas... "how would farmers and ranchers:--- plant, grow, harvest and transport food to market? " Ans. horse and buggy of course Those eco-nuts and greenies won't be happy until we (not them, e.g., John Kerry) are all living by candle light and riding some kind of solar- or windmill-powered vehicle.

[oilandgasmick]

Thanks for speaking the truth JX. Look what happened when Sri Lanka went "green"--mass starvation and a failed country that is totally reliant upon the IMF and the World Bank. I guess "the world has spoken" on that matter. You can bet that if one of these eco-zealots every went hungry for a single day they would try and burn society to the ground.

[matt2018]

correct jx..... These eco-nuts like John Kerry & Leonardo DiCrapio take to the skies in their private jets but would like you to get around in your canoe with paddles.   Leonardo DiCaprio traveled on gas-guzzling private jets, yachts while funding climate nuisance lawsuits Leonardo DiCaprio traveled across the world on gas-guzzling private jets and embarked on long yacht trips while