It cannot be saved. It is simply impossible. It costs at least 6x what it green replacement costs and will only get comparatively more expensive. It is 1000x less reliable you never know what the price or supply will be and it is totally subject to speculation (its green replacement is not,) it is dirty and politically toxic and it can't even survive with the massive subsidies it has been given. And it glutted because can't even give it away anymore. Buffet just bought up a bunch of natural gas failures and pipelines so that he will control 18% of the US's supply. Even given his advanced age I think he will live long enough to say and see that the double and quadruple down on natural gas was the biggest mistake of his investing life. These southern pipelines were failing simply because people moved to heat pumps for heating and cooling in the south- that cut their usage to 1/4 and down went a bunch of silly pipelines. He bought that junk up. It like buying up the supply of 2006 3G Blackberries- think there is a market them today not even as collectors items? It would be like buying up a bunch of horses and buggy carriages in response to the automobile. Guess he is having to back stop this tripe because they can't sell anymore derivative garbage to keep the Ponzi going. He's the buyer of last resort for this garbage but he lacks the ability to print money so Berkshire's future doesn't look so good. Maybe he should buy up a bunch of coal plants. I don't think he is doing this because he has a choice he is being loaded down with garbage the way Wells Fargo was in the crash. That junk is still on WFs books and after than happened it started having all its fraud problems. A private bailout of natural gas- laughable. You have to have a viable product. Guessing we will now see Koch Industries and Berkshire merge. With firms like Blackrock divesting there aren't that many that would know how to value this downward spiral.
