This comes from the AP via the Globe & Mail.
U.S. is in recession, and getting worse: Buffett
Also, note that Buffett in this blurb suggests he buys into the peak oil supply and demand argument for oil prices.
Related articles
Perceptions of supply shortfall keep oil prices high, MarketWatch, 25 Jun 2008
Buffett concerned about U.S. ‘stagflation’, Sydney Morning Herald, 26 Jun 2008