‘Thank God’ Oil Is Still Pumping Amid Inflation Scare, Dalio Says

Bloomberg2022-01-18

Ray Dalio, the founder of hedge fund Bridgewater Associates, warned against transitioning away from fossil fuels too rapidly and said that cutting off the supply of finance to the industry would have ...

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精彩评论

robot1234
2022-01-18
robot1234
Even coal will continue to play an important part in the generation of electricity in the next 2 decades esp in the developing countries without resources to switch to greener energy
- robot1234:
  Tks all for sharing
- robot1234:
  Tks all for sharing
- kiekie:
  Coal and crude oil are needed at all times.
- falleno:
  Moreover, as everyone knows, look -- it's energy, not oil, which counts. And higher oil prices mean a greater incentive to invest in energy R and D.
- uuunited:
  One day we will realize that new energy is a zero-sum game.

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Ten of last year’s most destructive weather events cost a combined $170 billion in damages, according to a study.Dalio called for a “smart” shift to a green economy and warned that it’s dangerous to “cram” too much into the transition phase. “Inflation is an issue,” he said.Quickening inflation has moved to the center of political and economic debate around the world, with consumer price gains in the U.S. reaching the fastest in nearly four decades. Dalio has already warned that “raging” inflation was a threat to buying power and wealth.European Central Bank Isabel Schnabel said this month the continent’s attempts to cut carbon emissions and transition to green energy could potentially be more inflationary than currently anticipated. 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