The American public needs to be educated about the difference between 'excise tax', 'excess profit tax', and 'windfall profit tax'. The term 'windfall profit tax' is being misused for political reasons.
Is there a case for a true 'windfall profit tax' today?

What makes See's Candy a cash-generating machine, and commentary on last week's letter to Berkshire Hathaway shareholders.

I take a look at Buffett's investment in PetroChina (PTR) now that Berkshire has sold the entire stake.

This post has all the video links available to the Fox Business Interview with Buffett, together with an analysis by Avi Ifergan. There is also a link to a very special 1951 article (pdf) written by Buffett titled "My Favorite Security".

Energy stocks have held up well in 2006 despite volatile crude oil prices. If you are looking for energy exposure, the big integrated oil companies are the best way to play high oil prices. The big oil companies should outperform the drillers. Using EV/EBITDA multiples, the big oil companies are cheap.