World needs an extra $1.3-trillion of incremental investment by 2030 to avoid energy crunch: JPMorgan

The world needs to find $1.3-trillion of incremental investment by 2030 to boost all types of energy output and infrastructure from renewables to oil and gas to avoid an energy crunch, U.S. bank JPMorgan said in its first annual energy outlook.

“Not all fuels are made equal, and for the most part , different sources of energy are not fully fungible – solar panels cannot replace oil, needed for example in the industrial production of petrochemicals,” said the outlook, to which 30 JPMorgan analysts contributed. “On a very long scale, all of the current sources of energy will be viewed as transitional to a safer, cleaner, and cheaper source of energy. Long term, this might only be provided by nuclear fusion,” the JPMorgan outlook said.

JPMorgan is full of animal poop. 🐏🐑. .. .. .💩

The world needs fewer people and it looks like wars, pandemics and extreme weather events will do the job.

Time for the class war to restart as a two sided affair rather than as a one sided sabotage Living wages pegged to productivity, dignity at work and social mobility. Mass mobilization, general strikes and direct action ftw. Kick them in the capitalism until they beg for mercy.

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