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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: rayvt ✧☼🐝🐝  😊 😞
Number: of 22353 
Subject: Re: BRK: Why Not XOM?
Date: 12/28/24 12:21 PM
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No. of Recommendations: 6
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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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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