06.15.2022

More On Energy Fantasy Versus Reality In Woke-Land

“For a serious dose of reality from an unexpected source, I highly recommend the 2022 Annual Energy Paper, released by none other than JP Morgan in early May. The author is a guy named Michael Cembalest, identified as Chairman of Market and Investment Strategy[.] … When the demand is there and the product works, it takes off. Not so for wind and solar for energy generation, nor for that matter for electric vehicles. Nobody buys these things unless subsidized, and as soon as government subsidies are reduced or go away, they disappear.”

This was originally posted here at Manhattan Contrarian on June 5, 2022.

< The unrealistic goal of stopping climate change was the point for the environmental ‘baptists’ but more (political and market) power and easy money was always the realistic goal of the environmental ‘bootleggers’ . Darren Brady Nelson >

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