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PeakOil is You

PeakOil is You

THE Warren Buffett Thread (merged)

Discussions about the economic and financial ramifications of PEAK OIL

Re: How would you spend Buffet's money?

Unread postby strider3700 » Tue 27 Jun 2006, 13:08:45

Two different routes I'm not sure which I'd take.

First blow it all on one major infratructure project something like

High speed elevated Rail line Vancouver to halifax with enough capacity to carry 90% of current freight. Side routes include other major cities/industrial areas not on the direct line. Since I'm stuck out here I'd also add a line via bridge or tunnel over to vancouver island and up and down it.

Routes also lead to rail yards at the US border to allow transfer of goods to conventional lines if the US doesn't feel like adding the system as well.

or build factories to produce Solar panels/wind farms to put in every yard on every house to reduce our demand on the power system to just needing the existing damns.

The other alternative is thousands of small projects

Massive training/assistance programs on small scale urban/suburban sustainable gardening which did not use pesticides or non organic fetilizers at all. Provide raised bed containers, starter dirt, seeds for every person that wants one. Provide empty lot space within cities for anyone that wants it and doesn't have the space already.

training/business assistance for any and all small business that will be working on, alternative energy (solar, wind, microhydro, solar hotwater), pure electric vehicles, battery research/manufacturing.

Lobbying money to convince the government to privatize most land and break up all farm land into individual parcels less then 10 acres in size. This effectively removes corporations from running mega farms that are massively dependant on oil and will hopefully encourage people to get out in the fields and farm for a living again.

Setup farmers markets and provide an entirely funded organization that will transport farmers goods from rural farms to the markets.

So that hopefully will keep us warm with lights and fed almost indefinitely even after oil goes away. That is worth 40 billion not a problem.
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Re: How would you spend Buffet's money?

Unread postby Kylon » Tue 27 Jun 2006, 14:32:55

I would use it to test out my idea for fusion(lake fusion) to produce power. The concept is simple enough, and most people I've talked to who have an opinion think it would work(including my mentor, who is a scientist).

The biggest problem with lake fusion is the shockwaves, but that could be dealt with, with another technology which I won't get into.

Ontop of that, I would invest in the development of cellulose fermentors, as a source of food. Development of cellulose fermentors as a source of food would provide a virtually limitless supply of food to the world, and could eliminate hunger in the first and third world.

Those two things would probably only run at most 200-300 million dollars, as Lake Fusion doesn't require any extremely advanced machinery or infrastructure, the concept is so primitive, and the supplies that could be used so general, that it would be cheap to build. Ontop of that, you don't have lots of high energy radiation, so you don't really need containment. The cellulose fermentors wouldn't take a whole lot of money to develop either, just a few genetically modified bacteria, put in a big vat with non-toxic foliage. Ontop of this both of these technologies would actually produce money rather than just consume them.

The biggest problem of course, would be how to deal with the Oil Companies. They would fight tooth and nail not to be replaced with fusion energy, and what their strategy would be, would be to try and block fusion energy from actually being used, long enough for the patents to expire. Then they would love fusion energy, and would get into the business themselves.

I would probably spend 2-3 billion on ads/pr trying to get people on board with Lake Fusion, and Cellulose Fermentors, and then once I got enough support, get the government to allow that kind of fusion as a power source.

Then Bill Gates/Warrent Buffet would become SUPER, SUPER rich, and would save the planet, and most of the third world.

But I don't think he will do that.
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Re: How would you spend Buffet's money?

Unread postby TITAN » Tue 27 Jun 2006, 14:39:36

R&D on a new strain of superflu/superaids hybrid that is indestructable
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Re: How would you spend Buffet's money?

Unread postby rostov » Tue 27 Jun 2006, 14:40:29

My thoughts on this are extremely dark. What : accelerate die-off bringing world population to below 0.5 million and keep it there (address root cause), using the rest to get us off the planet. How : reserved.

Note : does not exclude myself from implementation

I kinda vote for sustainability instead of furthering our current over-population pains and its consequences...
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Re: How would you spend Buffet's money?

Unread postby TITAN » Tue 27 Jun 2006, 16:07:58

$this->bbcode_second_pass_quote('rostov', 'M')y thoughts on this are extremely dark. What : accelerate die-off bringing world population to below 0.5 million and keep it there (address root cause), using the rest to get us off the planet. How : reserved.

Note : does not exclude myself from implementation

I kinda vote for sustainability instead of furthering our current over-population pains and its consequences...



Basically what I was getting at.

I like your taste in music...
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Re: How would you spend Buffet's money?

Unread postby formandfile » Tue 27 Jun 2006, 16:10:16

Parallel the interstate highway system with electrified passenger and freight rail. Equip cars with hookers and booze. Use the rest to pay down a little bit of the US's debt.
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Re: How would you spend Buffet's money?

Unread postby emersonbiggins » Tue 27 Jun 2006, 16:20:50

I echo formandfile - massive passenger and freight rail buildup in the U.S., converting medians of interstates to rail as need be.
Couple this with a buildup of light rail and the revival of old interurban streetcar systems, and we'll have our post-peak transportation plan set to go.
"It's called the American Dream because you'd have to be asleep to believe it."

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Re: How would you spend Buffet's money?

Unread postby worrier » Tue 27 Jun 2006, 21:02:53

$this->bbcode_second_pass_quote('', 'M')y thoughts on this are extremely dark. What : accelerate die-off bringing world population to below 0.5 million and keep it there (address root cause), using the rest to get us off the planet. How : reserved.

Note : does not exclude myself from implementation

I kinda vote for sustainability instead of furthering our current over-population pains and its consequences...


I kind of agree. I wonder if trying to mitigate PO is just delaying the inevitable. I also think overpopulation is the ultimate problem. But what to do with all those billions of extra people?

If I had to spend the money on mitigating PO I would pay for solar water heating on as many buildings as possible, subsidise electric trains, build appropriate power stations, promote localization (farmers markets, subsidize local shop owners, community centres to promote unity, etc), lobby for ecologically sound farming and land use, etc, etc, etc.
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Re: How would you spend Buffet's money?

Unread postby Liamj » Wed 28 Jun 2006, 00:41:59

1. Buy political influence and implement resource consumption taxation and monetary reform via demurrage, a Tobin tax, and ending fiat money.

2. Launch class action and Common Law nuisance suits against all major point-source GHG producers in every country with a remotely credible legal system.

3. Free birth control and voluntary euthanasia incentives globally.

4. Fund transperant international investigations and prosecutions of links between arms, drugs, and people trafficking networks and State intelligence entities.

(5. less important but i'm still pissed after a documentry i saw last night, sue Merck & co. into oblivion for continuing to retail ephedrine/psuedoephidrine despite the catastrophic impacts of methamphetamine production and addiction.)
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Re: How would you spend Buffet's money?

Unread postby Todric » Wed 28 Jun 2006, 04:27:51

$this->bbcode_second_pass_quote('SILENTTODD', 'W')ith what I know now....High Priced Hookers and Booze.
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Re: How would you spend Buffet's money?

Unread postby grabby » Wed 28 Jun 2006, 07:11:24

I would pay all my due payments and taxes, then I would take the rest and assist the poor and homeless and procur for them small houses or rentals.
Those that were thirsty I would give water, and those without clothes I would cloth. Anyone wasting money on consuming useless things would be eliminated from the assist list..
I would save none of it becuause inflation is going to make it disappear.
Last edited by grabby on Wed 28 Jun 2006, 15:11:43, edited 4 times in total.
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Re: How would you spend Buffet's money?

Unread postby grabby » Wed 28 Jun 2006, 07:25:23

Those poor who don't want to work would be cut off and the rent payment dropped. they would have to volunteer at the local hospital or nursing home or community.
Lazy people will not eat off my dime.

The widows with childrenwould get full support without working.

I think there are enough people around to use up all 30 billion.
Last edited by grabby on Wed 28 Jun 2006, 15:09:28, edited 1 time in total.
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Re: How would you spend Buffet's money?

Unread postby linlithgowoil » Wed 28 Jun 2006, 08:34:34

i'd go somewhere up the north of my country, Scotland, and live on an island with very few other people on it and have a self sufficient lifestly based on solar/wind power etc. would be great.

that would only take a few million probably though, and i'd probably keep a few million for all the family, but with the rest, i've not got a clue really - i dont particulary 'want' anything else and i have no urge to travel at all, so the money would likely be wasted.

i wonder if it would be possible to destroy the money? actually withdraw it all in £1million pound notes or whatever and burn it all. that would be great.
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Re: How would you spend Buffet's money?

Unread postby grabby » Wed 28 Jun 2006, 15:13:41

I would not burn it, To those that could have done good, and do it not, to them it is wrong. Mony , a lot of it, is a big responsibility, most of us can be happy we don't have that problem...
. So I would have a big headache trying to find worthy poor, but If I could not find worthy poor, we can always just feed the hungry, and help the sick, that is a good move, and buy them clothes from a non walrus source.
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Re: How would you spend Buffet's money?

Unread postby NeoPeasant » Wed 28 Jun 2006, 17:49:56

$this->bbcode_second_pass_quote('formandfile', 'P')arallel the interstate highway system with electrified passenger and freight rail. Equip cars with hookers and booze. Use the rest to pay down a little bit of the US's debt.


If you put a busy passenger rail stop back in the center of every big town just like the old days, the hookers and booze will take care of themselves. Ever notice how all the old bars in town were right on the street leading to the old rail station?
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Warren Buffet Begins Repositioning

Unread postby TommyJefferson » Fri 27 Apr 2007, 17:46:27

link
$this->bbcode_second_pass_quote('', 'W')arren Buffett, CEO of Berkshire Hathaway holding group, is the world’s second-richest human. Buffett’s no stranger to the transportation sector, having mopped up profits with Geico, Forest River (RV’s), McLane Company (foodstuff distribution) and the XTRA Corporation (semi-trailer renting and leasing).
Berkshire Hathaway recently took a ten percent stake in the railroad company Burlington Northern Santa Fe Corp. Warren Buffett’s seen the future.

I've been thinking that working for or investing in railroads would be a smart thing to do. I'm glad Warren agrees with me. :-)
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Re: Warren Buffet Begins Repositioning

Unread postby Plantagenet » Fri 27 Apr 2007, 20:01:10

Depends if the railway stock is antiquated and the engines are powered by diesel, or if the railway is modernized with high-speed tracks and electrical engines.
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Re: Warren Buffet Begins Repositioning

Unread postby vision-master » Fri 27 Apr 2007, 20:12:32

$this->bbcode_second_pass_quote('Plantagenet', 'D')epends if the railway stock is antiquated and the engines are powered by diesel, or if the railway is modernized with high-speed tracks and electrical engines.

Diesel power drives electric motors............
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Re: Warren Buffet Begins Repositioning

Unread postby Merlin » Fri 27 Apr 2007, 20:14:58

I'm trying to keep all my stock purchases in companies outside the US (not denominated in US$). That's proving to be pretty difficult with railroads, because in most countries, they're government-owned. The Canadian National Railroad is public equity; but alot of their business and equipment are in the US and therefore subject to the performance of the US$. Does anyone know a good railroad I can buy outside the US?
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Re: Warren Buffet Begins Repositioning

Unread postby Plantagenet » Fri 27 Apr 2007, 22:25:26

$this->bbcode_second_pass_quote('vision-master', 'D')iesel power drives electric motors.

Not in Europe. If we want a modern train system like the wonderful high speed rail networks in France we should look at using nuclear power like the French do.
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