Warren Buffett & Charlie Munger: Will Oil Run Out This Century? (2008)

Warren Buffett and Charlie Munger speaking at the 2008 Berkshire Hathaway annual meeting.
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[@valtermarques5978]

2024 and listen

[@M.-.D]

Yep

[@shankarbalakrishnan2360]

Everything runs out except co2❤❤🎉🎉

[@Archer-hg9rw]

It's crazy that charlie predicted that we will be using solar

[@golfinguru11]

Not really. Solar panels were a thing in 2008.

[@Archer-hg9rw]

@@golfinguru11 yes but incredibly inefficient and expensive, 10-20 years ago there was talk of alternative energy but mostly focused on wind and other sources they didn't know that solar will be as dominant as it now is

[@SamEisa-pt5up]

Well we aren’t replacing oil anytime soon
Solar panels is not an alternative

[@Archer-hg9rw]

@@SamEisa-pt5up yes but the technology is improving at an exponential rate and is becoming incredibly cheap in china

[@SamEisa-pt5up]

@@Archer-hg9rw I honestly have seen my neighbours install solar panels over their roof
It’s not working out. They aren’t saving much
Solar panels won’t replace oil .. EVER
Do you think we can power cities where everything runs on electricity even cars with solar panels and other renewables?