here is that note
Berkshire Hathaway, the conglomerate run by Warren Buffett, has resumed its purchases of Phillips 66 stock, and spent roughly $832 million in January to boost its stake even as the oil refiner's profit margins narrowed.
saw Warren Buffet, who recently bought some refinery stock, a bunch of it, commenting that refiners do well when there is an interruption in the numbers of producing
refineries especially if the downtime is an unscheduled event. Refineries are sort of like land, an inelastic supply...