Warren Buffett explains why he's making a bet in the energy industry

Key Points
Warren Buffett said his $10 billion investment to back Occidental's bid for Anadarko is a bet on the Permian Basin. "I mean the Permian Basin is four million barrels a day. It's incredible," Buffett says.The "Oracle of Omaha" doesn't consider it to be a hostile deal because Anadarko wanted to sell their properties.
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EnergyBerkshire Hathaway IncAnadarko Petroleum CorpOccidental Petroleum CorpChevron Corp

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