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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: rogermunibond ⎊  😊 😞
Number: of 22354 
Subject: Re: Why Not O&G? Is it the IEA Energy Outlook_
Date: 07/14/25 2:32 PM
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I did something similar recently. Looking at total global energy usage. 2023 = about 680 exajoules or 20 TW/hour energy generation.

About 52% was from oil and natural gas. If you assumed 3% growth in global energy usage, by 2050 the globe would probably being using double the energy used in 2023.

I can't imagine that the oil and NG portion is much below 40%.

The scale of infrastructure investment to shift that much energy consumption in 25 years is simply too vast imo.
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This community has written 21,861 posts about Berkshire Hathaway. The article-length ones it recommended most:
BRK: Why Not XOM? · 62 recs · 2024
Second quarter comments · 60 recs · 2023
Berkshire's Profit Contributors · 58 recs · 2023
Summary of 2Q 2026 · 55 recs · 2026
3Q Summary · 53 recs · 2024
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