Berkshire Hathaway has bet big on oil and gas by investing around $40 billion into Occidental and Chevron together.
"We decided it made sense," he said, noting that no one can know the price of gas next year, let alone a few years into the future. "It’s quite apparent now, I think, that we are – we should be very happy that we can produce 11 million barrels a day, or something of the sort, rather than being able to produce none and having to find 11 million barrels a day somewhere else in the world to take care of keeping the American industrial machine working.
Buffett himself is predicting a record-breaking crowd of more than 40,000, although Berkshire later put out a statement downplaying that number.
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