OPEC decided to delay this weekend’s meeting to next week because talks between Saudi and African members apparently ran into trouble. Saudi likely sensed in this week’s poor price action – ‘buy the fact that Saudi will double its production cuts’ action – that 1mbpd extra cut wouldn’t send the oil prices higher, sustainably. Hence, […]
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The world consumes roughly 100 million barrels of oil every day. For the past several months, a significant portion of that supply has simply not been produced. The gap is not closing. And one of Read more…
Warren Buffett has always said his favorite holding period is forever. His deepening commitment to Japan’s trading houses is starting to look like exactly that. Berkshire Hathaway (BRK.B) (BRK.A) quietly crossed the 10% ownership threshold Read more…
When Americans look to save money, cutting down on restaurant dining tends to be one of the first cuts. It’s easier to replace a meal at a restaurant with eating at home, than making the Read more…