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Why More Coal, Oil, And Natural Gas Investments Are Needed

May 12, 2017

Via: Forbes

“I think that, in the end, these hydrocarbons are a huge resource for humanity. And I don’t think we’ve got any good substitute,” Munger said. “People think that all these hydrocarbons are going to be stranded and the whole world’s going to change. I think we’re going to use every drop of the hydrocarbons, sooner or later.” Berkshire Vice Chairman Charlie Munger.

The “stranded asset” push against the need for more coal, oil, and natural gas investment is impractical and contradicts the advice of the Paris-based International Energy Agency, the energy adviser for the 35-member OECD.

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