The tweet was deleted by the author.
But we saved everything 🙂.
Josh Young shared a notable statement by Warren Buffett, implying that oil prices are likely to increase significantly in the future. Buffett's comment, made when oil prices were above $100, suggests confidence in the long-term value of oil, as highlighted by Young in his tweet.
Buffett’s optimism regarding oil’s trajectory aligns with industry discussions on the persistent underinvestment in oil and gas, a challenge that could significantly impact market dynamics by 2027, as detailed in the analysis of a $2 billion daily investment shortfall. These long-term outlooks also intersect with concerns about a potential LNG oversupply risk emerging in 2030, underscoring the complexities facing the broader energy sector.