The Houston Chronicle summarized The Oracle of Omaha Warren Buffet response to a student's query on peak oil theory and what would replace carbon fuel:
"Buffett told him that in 20 years, he believes all the cars on the road will be electric. He's already invested in a Chinese company working on the technology to make it happen."
Warren Buffett told a group of Rice graduate business students last week that all cars will be electric by 2030.
