Goldman Sachs’ Jeff Currie: ‘$3.8 Trillion of Investment in Renewables Moved Fossil Fuels from 82% t

[rangerrebew]

Goldman Sachs’ Jeff Currie: ‘$3.8 Trillion of Investment in Renewables Moved Fossil Fuels from 82% to 81% of Overall Energy Consumption’ in 10 Years


Economist Jeff Currie of Goldman Sachs (Global Head of Commodities Research in the Global Investment Research Division): "Here’s a stat for you, as of January of this year. At the end of last year, overall, fossil fuels represented 81 percent of overall energy consumption. Ten years ago, they were at 82. So though, all of that investment in renewables, you’re talking about 3.8 trillion, let me repeat that $3.8 trillion of investment in renewables moved fossil fuel consumption from 82 to 81 percent, of the overall energy consumption. But you know, given the recent events and what’s happened with the loss of gas and replacing it with coal, that number is likely above 82." ... The net of it is clearly we haven’t made any progress."

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Reality check: In 1908, fossil fuels accounted for 85% of U.S. energy consumption. In 2015, more or less the same




By: Marc Morano - Climate DepotOctober 21, 2022 12:47 PM
 
Transcript:

CNBC’s JOE KERNEN: “OPEC’s back in charge because we haven’t invested in alternatives. That’s all Europe did, was invest in new age alternatives.”

JEFF CURRIE (an economist and Global Head of Commodities Research in the Global Investment Research Division at Goldman Sachs.): “No, because we didn’t —“

 https://www.climatedepot.com/2022/10/21/goldman-sachs-jeff-currie-3-8-trillion-of-investment-in-renewables-moved-fossil-fuels-from-82-to-81-of-overall-energy-consumption-in-10-years/

[Smokin Joe]

Invest that much additional in the oil and gas sector, and everything would be cheaper, (lower fuel and production costs, lower utility costs, all affect the bottom line from driving to buying, well, everything transported by sea, land, or air).

We'd not only be self-sufficient, we'd be exporting