Warren Buffett’s $5.4 Billion Wind Energy Play

kristy Greentech

A publication from Energy and Capital

Two of the principals of Ethical Markets Media are long Western Wind.

Warren Buffett’s $5.4 Billion Wind Energy Play
By Jeff Siegel | Monday, March 7th, 2011

“Money will always flow toward opportunity,
and there is an abundance of that in America.”

These are the words Warren Buffett wrote in his most recent report to shareholders of Berkshire Hathaway.

Buffett told investors that in 2010, Berkshire Hathaway ponied up more than $5 billion on property and equipment in the United States, and taunted shareholders about his hunt for more major acquisitions: “Our elephant gun has been reloaded, and my trigger finger is itchy.”

The question is, Where’s the target?

Domestic energy profits

I’m not saying I agree with everything Buffett says or does.

I don’t buy for a second that unemployment will fall to 7 percent by 2012, as he has predicted.

And I still can’t wrap my head around his suggestion that we should be more concerned about cotton prices than oil prices…

But let’s face it; the guy didn’t become the third richest man in the world because he’s wrong most of the time.

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