Source: World Oil (July 16, 2020)
Warren Buffett recently acquired Dominion Energy’s natural gas assets.
Buffet’s investment in one of the Permian Regions relevant natural gas producers is a bet on one of the cleanest and most efficient fuel sources as governments and investors push away from fossil fuels and towards “clean-energy,” the plan won’t happen overnight. Natural gas is a reliable option that is cleaner than coal energy production. Natural gas has overtaken coal in energy supply over the years and he expects this trend to continue as a realistic option in the gradual energy transition. Gas is a very realistic and easy option for energy as it is cheap and plentiful, making it very hard to get rid of.
Full Article: World Oil – July 16, 2020