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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" 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.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: Texirish   😊 😞
Number: of 21944 
Subject: Re: Oil to Travel Same Path as Tobacco?
Date: 06/11/24 2:18 PM
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What I am trying to get my head around is how the consequences of state governments taking these companies to court will eventually be for these companies, their customers and their shareholders.

I see a fundamental difference between O&G and tobacco.

When people buy tobacco, they do it for the pleasure or diversion it brings them. What else?

I don't know anyone who buys O&G for pleasure. They do so because they need the results of the energy and raw materials it brings them - basically in all end uses. Transportation, heat, A/C, food (via energy and fertilizer) , shelter (via steel, cement, brick, logging), clothing,medicines, on and on. They buy it because it permits them to live in a modern civilization in a better manner than before the industrial revolution.

States sue focused only on the negative impacts from emissions. They make no attempt to balance that with the benefits. Doesn't seem logical to me. l know why though. If they did, the benefits would far outweigh the negative impacts. And they couldn't maybe find a new source of money.

Such lawsuits seem idiotic to me.

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This community has written 21,448 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 · 57 recs · 2023
Summary of 2Q 2026 · 54 recs · 2026
3Q Summary · 53 recs · 2024
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