Why Buffet bets on fossil fuel highway, page-3

The article is a good mixture of shiite and substance imho.

Buffet has invested in electric vehicles too (BYD?), the fuel stations he's bought into will probably sell more coke and other gunk to drivers while they are recharging their electric batteries (and waiting) than while quickly refueling fuel tanks. Also pretty dubious to claim china wants to go electric to switch from imported oil to domestic coal when they are a net coal importer. Could it be that they also want to use more domestic wind and solar and reduce their carbon footprint?

Need to be wary of article writers with such flimsy facts and reasoning that the need to selectively evoke Buffet.

I"ll bet electric will be beginning to be significant in the showrooms in ten years, but that it will be 20 before it's significant enough on the roads to really dent oil demand.

EL