Hi, Shrewd!        Login  
Shrewd'm.com 
A merry & shrewd investing community
 Best Of BRK.ABest OfAll BoardsThe Shrewd’m Weekly ¤Learn to InvestHow to Become Shrewd
Search
Shrewd'm.com Merry shrewd investors
Search
Best Of BRK.ABest OfAll BoardsThe Shrewd’m Weekly ¤Learn to InvestHow to Become Shrewd

The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", sykesix asked the members: "What do you do if you arrive early at movie besides go to the snack bar?" 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.
Answer this questionContinue to Shrewd'mThis note won't appear again
Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
Unthreaded | Threaded | Whole Thread (5) |
Author: Brickeye ✸  😊 😞
Number: of 22989 
Subject: Re: Oil to Travel Same Path as Tobacco?
Date: 06/11/24 11:44 PM
Post New | Post Reply | Report Post | Recommend It!
No. of Recommendations: 1
It's an interesting analogy but I can't see states demanding the kind of revenue they got from tobacco companies because the nature of the "damage" is much more opaque. Smoking cigarettes is a lifestyle choice whereas oil was an industry that grew by collective societal choice. You never had to smoke but you did have to heat your house and fill your car up with gas. States can offer incentives to fossil fuel alternatives but I just can't see them getting the kind of taxes they got from tobacco. Oil companies will also never have to deal with the same kind of civil litigation that tobacco companies did as well (except for isolated accidents).

Full disclosure- I have owned PM for 25 years and own Chevron as well.
Post New | Post Reply | Report Post | Recommend It!
Print the post
Members reply directly to Brickeye here — and replies get answered. Reading is free; so is joining the conversation. Join Shrewd'm »
This community has written 22,499 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
Unthreaded | Threaded | Whole Thread (5) |


Announcements
Berkshire Hathaway FAQ
Contact Shrewd'm
Contact the developer of these message boards.

Ticker or Board Name Author

Best Of BRK.A | Best Of | Favourites & Replies | All Boards | Followed Shrewds | Open Questions | Moving a community | Privacy