Sunset in the Permian Basin, the world’s #1 producing oilfield and the big prize in the Occidental/Anadarko deal. Getty I’ve long been a believer that there’s always opportunity in the energy field, if you know where to look for it. With his recent commitment of $10 BN to help Occidental acquire Anadarko, Warren Buffett appears to be of the same mind. And history has shown that many investors have done well by following the Oracle of Omaha’s lead. Much of the opportunity in that sector these days is related to hydraulic fracturing (fracking), which has turned the entire original paradigm for the oil business upside down. After bemoaning our reliance on foreign oil ever since the OPEC-induced shortages of the 1970s, the US’ crude oil production now stands at record highs of ~12 MM barrels/day. Fracking has made it cheaper and easier to find oil in the US and […]