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Oil Prices Could Be Set For Another Sharp RiseBy  David Messler  - Sep 28, 2022

Governmental preferences shifting to alternative energy and discouraging production of “fossil fuels”

Capital restraint by producers globally

As a result,  the world has under-invested in upstream oil supply by hundreds of billions. 

Energy is the biggest investing theme now and for many years to come.

That's why S&P 500′s oil and gas sector has risen by nearly 30% this year.

Warren Buffett's Berkshire  has accumulated 20% of Occidental Petroleum. It is worth about US$11 billion.

Being a well-known long-term investor, he is obviously seeing it as a gem as oil supply will lag demand in the years ahead.

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