John Hjorth Posted January 28 Share Posted January 28 Thanks, @Cigarbutt, So it's indeed far from trivial how to move forward from here for BHE, based on capital allocation, based on reason. Just to post some facts related to my own home bias, ref. your post : Areas : Denmark : 42,952 km2 [ex. areas of Greenland and Faroe Islands] California : 423,970 km2 Oregon : 254,810 km2. Next one add a new dimension : Total population. Then one add population density, and maps of how it's distributed, etc. etc. - - - o 0 o - - - There is a lot to do! -But if the involved americans aren't going to pay for what they will get, they will get exactly that : nothing! In a way, that's fine with me. Link to comment Share on other sites More sharing options...
Cigarbutt Posted January 28 Share Posted January 28 4 hours ago, John Hjorth said: So it's indeed far from trivial how to move forward from here for BHE, based on capital allocation, based on reason. ... Thank you for the exchange. Obviously, the two of 'us' can't figure this out. However, 'we' don't need to and can sleep well, assuming 'they' will eventually figure it out. The idea behind going into energy decades ago included that assumption. So much to discuss and so little time... ----- Finally, 'we' have some snow in my area. Time to get opportunistically moving. Link to comment Share on other sites More sharing options...
alpha Posted January 29 Share Posted January 29 On 1/27/2024 at 12:30 PM, John Hjorth said: Thanks, @RadMan24, That's not so hard to do something about. Danish style solution is, - and has been for now about two decades, I think, to dig - all powerlines - into the ground, smashing more than one flie in one slap : Not only [reverse?] fire protection, but also storm protection and frost protection [think Texas not so long ago]. Burying power lines is non-trivial, there are parasitic energy losses from the change in capacitance when the wire is placed closer to the earth. I believe this is not an issue in "distribution" lines, but for "transmission" lines it would require changing to a HVDC system which requires expensive equipment and limits distance. From what I have read it was "transmission" lines blamed for these fires. There are numerous other factors to consider too; for example I believe above ground lines have been proven to be more resilient in seismically active areas, etc... Link to comment Share on other sites More sharing options...
rogermunibond Posted January 30 Share Posted January 30 It's not just wildfire suppression and general land use policy by BLM and State agencies like CalFire. Many homeowners in these wildfire risk areas haven't done the work on their own properties to reduce wildfire risk. Concrete shingles, siding, clearing trees around the homes. https://www.fire.ca.gov/dspace Link to comment Share on other sites More sharing options...
longterminvestor Posted March 5 Share Posted March 5 (edited) https://www.wsj.com/finance/warren-buffett-is-getting-dragged-into-the-real-estate-commissions-litigation-79696153?mod=finance_lead_pos3 More litigation at the energy business, not from wildfires, from Real Estate commissions. Litigation risk for a large conglomerate is something I haven't factored into Berkshire, will do that with more care. Article mentions the below from Annual Report disclosure: "Based on available information to date, HomeServices believes losses are likely to occur as a result of the jury verdict in the Burnett case and that such damages could be up to $5.4 billion, excluding attorneys’ fees, prejudgment interest and other costs subject to determination by the court. However, HomeServices is currently unable to reasonably estimate such loss due to, among other reasons, the joint and several nature of the liability and the early stages of the appeals process." Edited March 5 by longterminvestor Link to comment Share on other sites More sharing options...
ValueMaven Posted March 5 Share Posted March 5 Good luck to anyone trying to battle Munger, Tolles, and Olsen Link to comment Share on other sites More sharing options...
jbwent63 Posted March 5 Share Posted March 5 1 hour ago, ValueMaven said: Good luck to anyone trying to battle Munger, Tolles, and Olsen +1 Link to comment Share on other sites More sharing options...
Hektor Posted March 7 Share Posted March 7 https://www.washingtonpost.com/business/2024/03/07/ai-data-centers-power/ Quote Amid explosive demand, America is running out of power. AI and the boom in clean-tech manufacturing are pushing America’s power grid to the brink. Utilities can’t keep up. Link to comment Share on other sites More sharing options...
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