Comments on: Buffett’s bet on peak oil http://dangerousintersection.org/2009/11/15/buffetts-bet-on-peak-oil/ Human Animals at the Crossroads of Culture, Science, Religion and Media Fri, 12 Mar 2010 12:59:42 +0000 http://wordpress.org/?v=2.7.1 hourly 1 By: Erich Vieth http://dangerousintersection.org/2009/11/15/buffetts-bet-on-peak-oil/comment-page-1/#comment-56316 Erich Vieth Tue, 17 Nov 2009 07:18:06 +0000 http://dangerousintersection.org/?p=10175#comment-56316 Brynn: Sounds like Buffet is making a bet that human beings will continue to be short-sited and that they will continue to burn coal with reckless abandon rather than jump with both feet into conservation. I hate to say this, but it sounds like a pretty safe bet to me. If I were interested in investing in something specific right now, I'd bet that Americans will continue to make terrible decisions, polluting the planet and failing to implement critical important long-term strategies in the area of energy. Coal (and railroads to ship it) sounds like a financial winner and a continued environmental disaster. Brynn: Sounds like Buffet is making a bet that human beings will continue to be short-sited and that they will continue to burn coal with reckless abandon rather than jump with both feet into conservation.

I hate to say this, but it sounds like a pretty safe bet to me.

If I were interested in investing in something specific right now, I’d bet that Americans will continue to make terrible decisions, polluting the planet and failing to implement critical important long-term strategies in the area of energy. Coal (and railroads to ship it) sounds like a financial winner and a continued environmental disaster.

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