Buffett’s Berkshire Increases Stake in Chevron and Occidental

Ratio of natural gas to oil should be 6 to 1 on an energy equivalent basis. Plus natural gas is far less expensive to transport in the USA than is oil product. Price differentials between a USA and the rest of the World are truly amazing at the moment as well with US natural gas prices to incredibly dirt cheap, widely available, very much in use now both as a domestic energy resource but now as a massive energy export product far less expensive by an order of magnitude than is true of any other energy resource in production currently. This continues to lead to truly awesome inventory builds of everything and anything upon the US economy and into a slowing US economy no less. In short don't really understand the wheeling and dealing in the oil patch in the USA at the moment with this as the context other than that the money is there and is thus being spent in said way. Definitely not a fan of Chevron anyways and much more of a fan of former Royal Dutch Shell now $shell energy I think. Long $kmi Kinder Morgan Energy strong buy. Insanely undervalued name especially with interest rates still holding up high quite well thus generating huge internal free cash flows for a on the face of it anyways a far more stable business than is the oil business not that the oil business doesn't continue to execute...just requires insanely high prices to do that something that could very much change at the proverbial "drop of a hat" as interest rates stay high. Coal prices are now more dirt cheap in the USA and economic than at any time since the 1980s as well as has started to become reflected in the equity price of Southern Companies...but of course new nuclear power continues to come on line in the USA as does a massive amount wind power energy. Tech names might start finding a way to drop their electrical bills big time here as well just by moving away from energy hog nVidia into Intel systems by way of example. Plus Apple and now Facebook are starting to build their own proprietary processing semiconductor units Apple having been doing this for some time now. That has as of yet begun to show up as a growth driver for the Apple computer segment which has absolutely massive profit margins despite still very low sales volumes. Plus Apple has a retail presence that could expand *BIG TIME* here if need be given how much brick and mortar is now basically free to be bought in the USA suddenly...so can't say I understand at all what Berkshire Hathaway is doing here. Long $ibm International Business Machines strong buy.