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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: rayvt 🐝  😊 😞
Number: of 15062 
Subject: Re: BRK: Why Not XOM?
Date: 12/16/2024 11:53 AM
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Imagine if we were driving EVs for 100 years and then someone invented the internal combustion engine.

This device is at best 30% efficient in converting the energy in the fuel to motive power. They are so inefficient that they have to carry 250kWh of fuel to travel 400km.
The engines are very noisy and must rotate at very high speed to develop a decent amount of power, so they have to have a clumsy gearbox.


And yet gasoline powered cars replaced electric cars very quickly when cars were first invented. Also replaced steam powered cars.

You still have to use "fuel [that] must be extracted from wells deep beneath the earth or the sea", convert it to electricity, and distribute the electricity all over to where it needs to be loaded into the vehicles. It is much more efficient to transport a liquid 1000 miles than to transport the equivalent electricity 1000 miles. It is only marginally more expensive to transport twice as much liquid than to transport twice as much electricity.

Not to mention how practical it is to make the necessary batteries for all the cars & trucks. It is doubtful that there is enough materials in the world.
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