Warren Buffett’s Berkshire Hathaway bets Americans still thirsty for gasoline with US$4.5-billion Phillips 66 stake

Warren Buffett’s Berkshire Hathaway Inc. sees a green light at the intersection of low oil prices and record driving. In its most significant energy investment in two years, Berkshire has amassed a US$4.5 billion stake in Phillips 66, making it the biggest shareholder in the largest U.S. oil refiner. Berkshire owns almost 58 million shares…

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