Kevin O’Leary just said the quiet part out loud about what the Hormuz closure has confirmed about green energy:
“It’s been practically USELESS in helping us at this point right now.”
AOC and the climate alarmists are not going to like this one bit.
O’LEARY: “The one thing about this commodity, it’s the input to EVERY sector of the economy.”
“We have 11 sectors. Every single sector requires a reasonably priced energy source.”
“And you know, we’ve talked a lot about alternative energy and new ideas and nuclear power.”
“But this shock has proven to the world that oil still matters — not a some, it matters A LOT!”
“And I expect policy around hydrocarbons to change dramatically everywhere in terms of securing a source of it at a price, sort of around the $70 range.”
“So you’re going to see that happen and a lot less money going into alternatives.”
“That may not be good or bad, depending on where you sit, but CLEARLY we didn’t buy any insurance investing billions of dollars in wind and solar.”
“It’s been practically USELESS in helping us at this point right now.”