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Why Buffett bets on the fossil fuel highway, page-9

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bobsacramento

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09/10/17

12:34

Post #: 27759117
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Originally posted by pluckmeister ↑

For every opinion there will be a pundit. This article reads -

"Put aside the dream of electric cars soon taking over, which has always depended on wizardly management by politicians who can’t manage anything. Gasoline- and diesel-powered cars will remain the vehicles of choice for many uses for decades to come."

Well, if I may be so bold, Pluckmeister the pundit here (albeit not and expert) has noted that China $495billion on renewables (much of it for EVs) by 2020: VW $84billion by (I think 2030) - and on it goes along with countless other examples of EV investment is happening now.

Yet Holman W Jenkins Jr of the Wall Street Journal, who wrote this article seems to overlook these details for whatever reason. He promotes a "The sucker in this scenario, we add, is anyone who believed such futuristic forecasts in the first place" point of view.

So what if Warren Buffet is still backing some future of fossil fuels - We all understand that it is simply because the EV replacement of ICE will not be an overnight change and fossil will continue to have a future for the short to medium term. And driverless trucks are a long time off - to be sure!

However, the long term FA of the situation (global warming, fossil vs renewables etc etc) is what has bought all us here to this point in our investment strategy (suckers or not!). I certainly am of the opinion that Electric is the way of the future, despite Holman W Jenkins Jr of the Wall Street Journal assertions that EV technology is ATM damnably expensive.

GLTAH - IMO

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FOX News owns the Wall Street Journal, it makes sense, why they say what they say....

PLS Price at posting: 78.5¢ Sentiment: Buy Disclosure: Held
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