Posted on 10/12/2022 8:54:55 AM PDT by george76
JPMorgan Chase CEO Jamie Dimon slammed the Biden administration in an interview this week over how the U.S. has responded to the energy crisis that has been worsened by Russia’s war in Ukraine by saying the U.S. has taken the wrong approach and the country needs to step up and “play a real leadership role.”
Dimon made the remarks during an CNBC interview this week when he was asked about how worried he was about Europe this winter given the war in Ukraine and the energy crisis on the continent.
“Well, I think we’re getting energy completely wrong, which is, you know, ever since this war started, you know that Europe is going to have a problem,” Dimon said. “And that it was pretty predictable that Putin was going to cut off some gas and some oil, and oil price would go up and, by the way, for the climate folks here, it’s made the climate worse because people have this bad assumption that higher oil prices and gas prices reduce consumption, reduce co2. No. Poor nations, India, China, Indonesia, Philippines, Vietnam, are turning back on coal plants, as are rich nations called Germany, Netherlands, France.”
“We have it completely backwards, and in my view, America should have been pumping oil and gas,” Dimon continued. “And it should have been supported, you know, we’re trying to have our cake and eat it, too, a little bit. And so you have the, you have the problem this winter, which it sounds like they’ve got enough supply to get through this winter. But we have a longer term problem now, which is the world is not producing enough oil and gas to reduce coal, make the transition, create security for people. So I would put it in a critical category.”
“And this should be treated almost as a matter of war at this point, nothing short of that,” he concluded on the matter. “And obviously, America needs to play a real leadership role. America is the swing producer, not Saudi Arabia. And we should have gotten that right starting in March. It’s almost too late to get it right. Because obviously these are longer term investments.”
...
JPMorgan's Jamie Dimon: Biden's "getting energy completely wrong"; restricting drilling has actually "made the climate worse ... we have it completely backwards"
"This should be treated almost as a matter of war ... America needs to play a leadership role"
Pffffttttt! We all know that but most of us are only CEOs of our homes. Some of us are merely CFOs. Or yard workers. 🤔😁👍
He’s gone off the reservation
"backwards" is an understatement. We actually have it ass-backwards.
They wanted this SOB in the WH...now the world suffers from their schemes, lying and cheating.
Biden is not capable of taking a real leadership role.
>>>‘We’re Getting Energy Completely Wrong’
Hey Jimmy stop with the we, it’s Biden. Biden stopped self sufficiency!
And that’s what happens when you base your national energy policy upon the deluded rantings of a squinty-eyed, developmentally challenged, emotionally unstable child.
To be canceled in 3 … 2 … 1
“...how the U.S. has responded to the energy crisis...”
The “U.S.” federal government executive branch under Brandon created “the energy crisis”.
Who cares how they “have responded” to it, when everybody knows they created it, and are fomenting it, purely for nihilistic political purposes?
ESG needs to DIE.
ESG = Corporate Fiduciary Negligence
Apparently even the normally crony elites and some old time liberals see the danger, but nobody has a way to top the madness.
This just dawned on him?
“...And obviously, America needs to play a real leadership role...”
We need a leader of our own first.
Dimon has been kissing the Dems a$$ for years and now he’s finally speaking out. Should have started years ago.
You are actually, categorically, definitely, doubtless, exactly, positively, precisely, really, surely, truly, unconditionally, unquestionably, completely, entirely, fully, thoroughly, utterly, wholly, come hell or high water, conclusively wrong!!!!
Biden is not only capable of taking a real leadership role but he has lead us to the brink of economic and nuclear destruction simultaneously while impaired mentally and physically.
Can you name any one in the world, as impaired as Biden and not a Democrat, capable exhibiting such leadership?
You are correct, of course, but especially because that deluded individual was put into office and is managed by a world-class team of anti-MAGA's.
The Team's goal for the past several decades has continued to be to disable us by damaging our cultural and economic growth ("i.e., remaking America"). One could add, they have made significant gains across the board mostly due to help from useful idiots - many of whom were groomed by our corrupted education system.
Trump set the schedule with his admin - not only displace the Team's leader and reverse its gains, but also to try to block its future efforts.
Our future may well depend on recognizing it is not enough to simply displace their current leader, that we also need to replace members of the Team and with individuals who are determined to reinforce our historical strengths.
This.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.