Buffett, Jones and Hamm: An Oil Wisdom Trifecta
I cannot blame them for investing in oil and gas.<p>Oil and gas companies get a lot of bad press and maybe rightfully so, but the sad thing is that the politicians and the users of oil and gas are the main ones to blame. If no-one used oil and gas then there would be no oil companies anymore.<p>Politicians have known for 20-30 years or more that CO2 causes global warming, but they have done nothing to limit the use of oil and gas. Absolutely nothing. Instead they want to blame the oil companies and bring them to court.<p>At the same time they blame oil companies, they start to reduce taxes on oil&#x2F;gas, they ask producing countries to produce more etc. It&#x27;s nuts.<p>There have been no major incentives for consumers to move away from big cars with big powerful engines, no incentives for car producers to build more fuel efficient cars.<p>We could easily have had a car fleet today which consumed 20-30% less than it actually does and that without any major drawbacks in comfort and performance. And that without even transitioning to electric cars.