Re: Oil-ESG “La La Land.”

At today’s OPEC+ meeting, AbS referred to the IEA’s net- zero ambitions as “La La Land.” Yes, he is biased for hydrocarbons, BUT in this case, he is actually 100% correct.

Michael Cembalist from JPM recently published his “2021 Annual Energy Paper.” A summary follows.

First, let me preface this thread by saying that I’ve never seen such a wholesale mobilization of economic/political capital towards a goal – decarbonization – that to me is more about political zealotry than science.