Chart of the Week II: Berkshire Hathaway's Growing Utility Bandwidth
Now imagine adding Oncor to this...
Now imagine adding Oncor to this...
This doesn't bode well for prices. "The record gas resources assessed by the PGC, in addition to robust domestic production levels and booked reserves, paint a picture of strong supply of natural gas in the U.S. for many years to come." A lot of hedge fund hotshots sitting on panels talking up their nat-gas and oil books aren't gonna be swinging so large go-forward. Likewise oil. Short Hamptons homes.