Buffet isn’t stupid and knows how to be patient and many times getting in at the lows. He probably knew this whole attack on energy thing was irresponsible and doomed to fail. If it wasn’t for this war in Ukraine they started and Russia pulling the plug on them and yeah the prices are up but it would probably be worse. They’d still be trying to shut down even more energy resources with a let them eat cake attitude as long as it didn’t affect their town and even manipulate the markets with green data on who’s producing the most emissions. Looks like Buffet has been accumulating coal and other energy resources for quite a few years.
Blaming Putin for energy crisis, they got it partially right, but in the futures market when he took their way out away from them. Now there going to the Saudis.
RNO
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