Daily Caller Piece: Oil and Gas Aren't Going Anywhere - Just Check the Stock Market

[Note: This story is also published at the Daily Caller]

A story at Bloomberg published Tuesday reports that billionaire investor Warren Buffett is continuing to raise his stakes in oil and gas companies in conflict with the prevailing media narrative that claims the oil and gas industry is a dying business segment.

“Warren Buffett’s multibillion-dollar purchases of oil and gas investments early in the pandemic paid off when the sector cranked out record earnings in 2022. But instead of selling out for a huge profit this year, the Oracle of Omaha wants more,” says the tweet amplifying the story, in apparent wonderment that such an astute investor could still be buying up stocks in U.S. drilling and fracking giants like Oxy, Chevron and ConocoPhillips. (RELATED: STEPHEN MOORE: Climate Change Causing Heat Waves? All The Hot Air Is Coming From Washington)

In a tweet of his own, Josh Young, CEO and founder of Bison Interests LLC, provides his own analysis of why Mr. Buffett keeps raising his stake in these supposedly doomed companies.