Search Results for: buffett

Digging into NextEra’s decision to close Duane Arnold Energy Center

ByRod Adams

…hough NextEra is one of the primary owners of that new wind energy, Warren Buffett’s MidAmerican Energy is another major player. In 2016, it announced that it would be investing $3.6 billion in new wind projects in order to maximize its harvest of production tax credits before eligibility expired. Duane Arnold, a mature nuclear plant that reliably produces 615 MWe of emission-free electricity, is apparently considered to be a grid block that is in…

AEHI Responds to SEC Filing Alleging Fraudulent Fund Raising

ByRod Adams

…act that Warren Buffett decided against an Idaho nuclear project. However, Buffett also decided that it would be great investment to purchase a railroad whose main business is hauling Wyoming coal. From my point of view, there just might be a relationship between the fact that Buffett very publicly rejected nuclear while putting his money into an enterprise that will profit mightily if nuclear does not grow. Rod Adams @Dan – one more thing – what…

Peabody Presentation That Aggressively Markets The Best Features of Coal

ByRod Adams

Unlike businessmen and investors trained in the Warren Buffett school that focuses on companies with a market monopoly; I actually enjoy competition. I think it is good for both the participants and their customers because it pushes improvements that are mutually beneficial. Many of my most successful investments have been in companies that are successful in industries where no company or product line has a dominant role. I see competition from t…

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Why haven’t world leaders learned the most useful lessons from Fukushima?

ByRod Adams

…the Saudi royal family, the Rockefellers, the Kochs, Bill Gates and Warren Buffett. There are many powers of ten difference between having enough money to enjoy power and comfort and simply having a few coins. In the same way, there are many orders of magnitude between the kind of radiation dose that can cause harm, the dose that might provide a slight decrease in long term health, and the dose where the only effects that can be measured turn out…

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Nuclear focused investment fund proposal

ByRod Adams

…can Energy, a monopoly electric utility company owned indirectly by Warren Buffett, one of the richest men in the world, is seeking to be able to bill current consumers for construction-work-in-progress costs for a nuclear power plant for which they do not plan to make any commitments in the near future. Though consumers might benefit if the project is completed by capable managers who exercise good cost and schedule controls, they are being asked…

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Combine domestic coal with nuclear energy to make oil

ByRod Adams

…ve been so supportive of antinuclear activities for so long. Aside: Warren Buffett has been damning nuclear technology with faint praise for several years; perhaps his recent purchase of Burlington Northern, one of the largest coal carrying railroads in the US, has something to do with his public questioning of the ability of nuclear energy to compete in the power market. End Aside. If the US had kept building nuclear plants at the rate we achieve…

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New testing rules benefit oil producers

ByRod Adams

…action end of the business by about $3 billion per year. Yesterday, Warren Buffett, a well diversified investor whose Berkshire Hathaway holding company owns both BNSF, which is a major shipper from the Bakken formation, and a company that produces tanker rail cars, told an interviewer on CNBC that he expected new rules to require additional safety improvements to the tanker car fleet. In some ways, this series of events brings back memories of th…

Lester Brown's Flawed Economic Logic At Grist

ByRod Adams

…use, McDermott, Hyperion and NuScale. They also include Bill Gates, Warren Buffett, Rod Adams (forgive my vanity in putting my name there, but heck, as a percentage of net worth, I am up there on the list), John Deal, Paul Lorenzini, Jose Reyes and George Chapman. While no ground has been broken – yet – there are a number of signed Engineering, Procurement, and Construction (EPC) contracts and there are components being formed. (Note: I am not pro…

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MidAmerican Energy uses YouTube video in response to FOE television ad

ByRod Adams

…e from management to back down or tone down their attacks? Aside: a Warren Buffett owned utility company does not even have the normal utility company excuse of being ignorant of the value of advertising. How many times have YOU seen the Geico Gecko in the past week? Here is one more photo to add to the total exposure count of what has to be one of the most frequently seen animated spokes-critters on the planet. End Aside. Omaha.com picked up the…

Congressional reform act might help to prevent another Jaczko fiasco

ByRod Adams

…ated competence instead of “pull.” In a recent interview with CNBC, Warren Buffett offered the following quote about the debt ceiling: “I could end the deficit in 5 minutes,” he told CNBC. “You just pass a law that says that anytime there is a deficit of more than 3% of GDP, all sitting members of Congress are ineligible for re-election. The 26th amendment (granting the right to vote for 18 year-olds) took only 3 months and 8 days to be ratified!…

Are Diablo Canyon Employees Being Sold Down The River?
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Are Diablo Canyon Employees Being Sold Down The River?

ByRod Adams

…the plant is a strong contender to run for 80 years). For example, Warren Buffett could buy PG&E. But for him to keep Diablo Canyon running, he would need to see that there’s a growing movement to save it. I’ll end by saying that this summer may be our last chance to save Diablo Canyon. I encourage you to consider how you will look back on this moment 10, 20 and 30 years in the future. Will you be able to tell your children and grandchildren you…

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Bill Gates describes 4th generation nuclear energy to explain his investment decision

ByRod Adams

…cus on making money rather than taking risks. What we are asking Gates and Buffett to do is invest the money they have made from therir businesses into things that we approve of, no matter how risky They may do so but in their minds it is philanthropy not investment. Rod Adams I have no qualms about asking these two fine gentlemen to invest in nuclear out of their philanthropic foundations. Both gain enormous quantities of press about their genero…

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