Reality Is Setting In: Jamie Dimon’s Testimony Caps A Confrontational Energy Week

Reality Is Setting In: Jamie Dimon’s Testimony Caps A Confrontational Energy Week

Share to Linkedin JPMorgan Chase & Co. Chairman and CEO Jamie Dimon testifies before a House Committee on Financial ... [+] Services Committee hearing on "Holding Megabanks Accountable: Oversight of America's Largest Consumer Facing Banks" on Capitol Hill in Washington, Wednesday, Sept. 21, 2022. (AP Photo/Andrew Harnik) When, at some point in the distant future, we are all able to pause to catch our breath and reflect on the causes of the expanding energy crisis, it seems likely that this past week will be seen as a key moment when reality about the crisis facing the world began to set in. It was a week that saw the reversal of a national fracking ban, an extraordinary speech by the leader of the United Nations, and some very frank statements by two high-profile CEOs. It was also a week that saw the release of a new study detailing the disturbing possibility that a continent could run out of a key energy commodity. On Wednesday, energy analytics and intelligence firm Enverus released a new study titled "The Hope for 'A Normal Winter' Key to European Gas Outlook." An emailed summary of the findings projects that "If colder-than-expected weather hits, Northwest Europe could