Post #7828 by Brickeye on the Berkshire Hathaway board

Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤

Unthreaded | Threaded | Whole Thread (5)

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

Unthreaded | Threaded | Whole Thread (5)

Prev | Next

Announcements

Berkshire Hathaway FAQ

Contact Shrewd'm
Contact the developer of these message boards.

A community forum supporting civilized, and highly helpful, self-educating investors that come together for Shrewdness and merry spirits. These message boards closely follow the look and feel of the old message boards at boards.fool.com prior to the boards redirected to discussion.fool.com. Shrewd'm is not affiliated with the comprehensive and excellent investment website, The Motley Fool (TMF), in any way. The Shrewd commmunity here has owed, and continues to owe, gratitude to The Motley Fool for nurturing a culture of jovial irreverence towards Wall St, and that tradition will continue here.