... We find a useful referee in this war of words with the recently released Eye on the Market 15th Annual Energy Paper by Michael Cembalest, J. P. Morgan's chairman of market and investment strategy. As this 70-slide, deep-dive report pointedly notes, "after $9 trillion globally over the last decade spent on wind, solar, electric vehicles, energy storage, electrified heat and power grids, the renewable transition is still a linear one; the renewable share of final energy consumption is slowly advancing at 0.3%"0.6% per year [emphasis added]." One does not need a mathematics degree to understand that such anemic growth rates are not the hallmarks of an "unstoppable" juggernaut. Hence, Cembalest's bottom line: "Growth in fossil fuel consumption is slowing but no clear sign of a peak on a global basis." That is to say, no "energy transition" is in sight
It's amazing to me how much a sizable section of the left absolutely loves illegal immigration and wields all of its powers to protect and expand it.