Warren Buffett's Berkshire Hathaway has acquired Lubrizol for $9.7 Billion or $135/share in an all-cash transaction. The transaction includes $700 million in debt of the lubricant business company. There is only four well-known detergent companies globally with the recent fifth coming from China. The move is seen as Warren's new agenda towards the energy market.
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Energy singularity means a point where our source of energy is almost infinite, coming from the renewable sources and completely accessible to everyone on the planet.
