That's referenced in this interesting blog post with some Munger quotes from ~10 years ago. For context Munger appears to have been centrally involved with Ber

That's referenced in this interesting blog post with some Munger quotes from ~10 years ago. For context Munger appears to have been centrally involved with Berkshire's various energy plays and investor-owned utility deals (a major fraction of their portfolio). https://fs.blog/energy-independence-is-a-terribly-stupid-idea/ https://fs.blog/energy-independence-is-a-terribly-stupid-ide... > "… running out of hydrocarbons is like running out of civilization. All this trade, all these drugs, fertilizers, fungicides, etc. … which China needs to eat with a population so much, they all come from hydrocarbons. And it is not at all clear that there is any substitute. > "When the hydrocarbons are gone, I don’t think the chemists will be able to simply mix up a vat and there will be more hydrocarbons. It’s conceivable, of course, that they could but it’s not the way to bet." That's in the context of his arguments about for ignoring any calls for 'energy independence' because it's better to preserve domestic resources for future emergencies.