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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: rayvt ✧🐝  😊 😞
Number: of 15058 
Subject: Re: BRK: Why Not XOM?
Date: 12/28/2024 12:21 PM
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Motor vehicle fuel currently accounts for a hair under half of global crude oil use. Thus, a one half reduction would reduce global crude demand by about 24-25%, not by 10%.

Where does the electricity to charge the EVs come from? You can't just assume that it just magically appear. It will largely come from oil, gas, and coal generating plants.

EVs won't drastically eliminate the use of oil, they will just change where the oil is burned.
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