Jamie Dimon says Ukraine war demonstrates we still need cheap, secure electrical power from oil and fuel

Vital Points

“If the lesson was learned from Ukraine, we need to have low cost, trusted, safe and sound, secure electrical power, of which 80% will come from oil and fuel. And that number’s heading to be incredibly significant for 10 or 20 several years,” Dimon mentioned.
Russia’s invasion of Ukraine before this calendar year sent commodity price ranges soaring, such as oil and normal gas.
The JPMorgan chief experienced beforehand declined a pledge to halt executing organization with fossil fuels, declaring in a Congressional hearing that the transfer would be a “road to hell for The usa.”

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