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  • LwC commented on LwC's topic 05-23 12:26
    Bloomberg: Millions of Barrels of Oil Are About to Vanish
    Bloomberg: Millions of Barrels of Oil Are About to Vanish by Asjylyn Loder May 21, 2015 Millions of barrels of untapped oil that U.S. shale...
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    LwC 05-23 13:26
    • Geologist Art Berman is mentioned in the above Bloomberg article. For years Berman has been an outspoken and articulate skeptic about the shale gas and oil explorers, and I have previously posted links to his work. Here are a couple of recent articles posted on his blog:

      Hope Fades: U.S. Storage Withdrawals About Price, Not Supply & Rig Count Drop Stalls (May 23, 2015)


      Oil Prices Will Fall: A Lesson in Gravity (May 17, 2015)

  • LwC post a new topic 05-23 09:09
    Bloomberg: Millions of Barrels of Oil Are About to Vanish
    Bloomberg: Millions of Barrels of Oil Are About to Vanishby Asjylyn Loder May 21, 2015Millions of barrels of untapped oil that U.S. shale drillers discovered during the boom years are about to disappear from their inventories.…“We’re going to see...
  • LwC commented on GuruFocus's article 05-17 08:21
    Berkshire Hathaway Buys More IBM, Wells Fargo, Precision Castparts, Sells National Oilwell Varco, Bank Of New York Mellon, Charter Communications
    Warren Buffett (Trades, Portfolio)’s investment company just released his first quarter portfolio. Warren Buffett (Trades, Portfolio) and his CIOs...
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    LwC 05-17 09:21
    • I note in the article that BRK increased its holdings in PSX.  Interestingly PSX was a long position recommended at the Sohn Investment Conference by Daniel Dreyfus of 3G Capital.  I haven't been able to find a detailed review of Dreyfus' presentation.  Anybody know where to find one?
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