LOBG Sing Along w/ Warren Buffett.

Sung to the tune of "I'm a Believer" by the Monkees:

I thought hydrocarbons were more or less an endless thing
Seemed the more we burned the more we had
What's the use in conservin'
That's the way it seemed
When I needed more I stopped at BP

Ah, then I read Deffeyes
Now I'm a believer
Now, that's the way it seemed
Hubbert's Peak haunted all my dreams

Yes, I saw that bell curve
Now I'm a believer
There's not a tra-a-a-ace
Of doubt in my mind
Well, I'm a believer
Yeah, yeah, yeah, yeah, yeah, yeah, yeah ah-uh-uh

Well, I'm a believer

Funny thing there Mr. Buffett:

May 6, 2005 you fear nuclear terrorism according to the BBC:

Sooner or later, the US would suffer a terrorist attack that would dwarf the losses caused by 11 September, he predicted.

"We're going to have something of a major nuclear event in this country," Mr Buffet said following the annual general meeting of his company Berkshire Hathaway.

Certainly you were talking about terrorists using nuclear weapons in the US, and the potential damage to your insurance company, but how did you get here:

Buffett to Invest More in Energy Sector.

Quotes:

Billionaire investor Warren Buffett said his Berkshire Hathaway Inc. is willing to invest more money in the U.S. energy sector than the $10 billion to $15 billion he previously discussed and said he sees more opportunities in the utilities industry, including nuclear power.

In an interview, Mr. Buffett didn't specify how deeply into Berkshire's pockets he would dig. But he made it clear that Berkshire will invest more. "The bigger, the better," he said. "It's better to do a $10 billion deal than 10 $1 billion deals."

In the interview, Mr. Buffett said he is keeping an "open mind" about investing in a new generation of nuclear-power plants that wouldn't create air pollution. Even if there is debate about global warming and the power industry's culpability, Mr. Buffett said, "the price of making a mistake [by not acting] is such that you should err on the side of the planet."

Warren Buffett bringing up the nuclear option, after his notable skitishness about nuclear terrorism? Is the old man getting daft? Does he know something we know?

After all, why not natural gas, which is fairly clean and much less controversial? The price of natural gas is probably the driving factor.

Why not coal; the new technology is much cleaner, and it's also less controversial? I don't know. Does he suspect coal may be too expensive over the lifetime of the plant to ensure a viable return?

Why not wind or solar? Not for base load plants, folks.

Possibly it's just a trial balloon, but it sure is interesting.