Random Thought Before I Go Off-Line For The Next Several Hours -- May 10, 2021

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The annual meeting was a week ago Saturday. 

Ever since, his shares have been on a tear, up again. 

Except for confirming Buffett does have a transition plan and has named his successor, one can argue nothing new came out of that meeting that we didn't already know.

So, the natural question is: why is BRK-B (and BRK-A) on a tear right now?

I'm looking through my oil-stained spectacles and into my oily-crystal ball (that needs cleaning) and running my right palm over an oil-streaked Ouija board and see/hear only two things:

• DAPL - CBR
  
• Colonial Pipeline - CBR (see first comment)

For those who suggest this:

• the re-opening trade; and,
• all his holdings are doing well (accept his biggest -- AAPL) ... 

... a reminder to take a look at this post not long ago. For Berkshire Hathaway, BNSF accounts for:

• 9% of its revenue, but
• 25% of its earnings

And, yes, BNSF will haul a lot more than oil. Like grain. To export terminals on the west coast.

But as noted, I'm looking through oil-stained spectacles ...

... later ... see first comment --- the reader might also ask by WTI is surging in light of the Colonial Pipeline shut down -- with refined products nowhere to go, and WTI building up in the system, one would think WTI would drop, nor rise, in price. 

**************************
GBR

Grain by rail.

Canada's wheat exports rose in early May despite dwindling global demand for old crop, while new crop seeding quickened from earlier in the spring following a return of favorable weather conditions. Link here.