Charlie Munger Quotes

The consumption and production of energy is a major component of the global economy.

It is critical that we have a comprehensive energy plan to provide affordable and reliable supplies of energy so that our economy will not be dependent on foreign sources of energy.

Feeding our energy appetite is top of mind for many people these days.

As nations continue to develop they will require more, not less, total energy; their industrialization and rapidly growing populations will depend on it.

The world’s demand for energy will never stop.

Reliable and affordable energy is essential for meeting basic human needs and fueling economic growth, but many of the most difficult and dangerous environmental problems at every level of economic development arise from the harvesting, transport, processing, and conversion of energy

It is doubling now every two years. Doubling every two years means multiplying by 1,000 in 20 years. At that rate we'll meet 100 percent of our energy needs in 20 years.

We only have to capture 1/10,000th of the solar energy landing on earth to completely satisfy all our energy needs.

Energy will do anything that can be done in this world.

We've definitely cracked the technology. Now we're just trying to be able to produce the amount of fuels that we need to satisfy our own needs and then other people's needs.

Nobody is trying to save energy. We're trying to shift our use of fuel. Forget saving energy; if we get the right kind of energy, there are endless amounts.

We need to reduce our dependence on foreign sources of energy.

We ought to open up energy innovation across the board and - and remove the barriers to every form of energy.

The more energy-efficient we become as a nation, the less we need to develop additional energy sources.

When coal came into the picture, it took about 50 or 60 years to displace timber. Then, crude oil was found, and it took 60, 70 years, and then natural gas. So it takes 100 years or more for some new breakthrough in energy to become the dominant source. Most people have difficulty coming to grips with the sheer enormity of energy consumption.

This ability to have reliable sources of energy and a reliable transmission of energy here in North America is critical for both of us and for Mexico as we want to keep our economies growing.

Yet since the 1950s, little has been done to prepare for our country's current or future energy needs.

Today, India consumes about 682 watts per capita, far lesser than developed nations. As India develops, it will definitely require a lot more energy.

However, it may occur that we will find ourselves using a variety of fuel sources to give us the energy we need support our lifestyles and boost our economy.

Every sector of our economy depends on affordable energy… The state of American energy must be good in order for our economy to thrive.

Because we are now running out of gas and oil, we must prepare quickly for a third change, to strict conservation and to the use of coal and permanent renewable energy sources, like solar power.

The fact that there simply is 5,000 times more sun power than our consumption needs makes me very optimistic. It's a fantastic resource. We have the ingenuity to send man to the moon, so we definitively have the ingenuity to tap the sun's resources…. The biggest challenge [for solar power] is escaping from the economic effects of vendor lock-in where large investments in nuclear and traditional energy sources keep us 'locked-in' to feeding monsters that will bring us down an economic black hole.

In 80% of the world, energy will be bought where it is economic. You have to help the rest of the world get energy at a reasonable price.

There is growing demand for renewable energy.

Large conventional power plants will continue to be built, but their significance for energy supply is diminishing.