Cheney's Fund Manager Attacks... Cheney

Step forward, Jeremy Grantham -- Cheney's own investment manager. "What were we thinking?' Grantham demands in a four-page assault on U.S. energy policy mailed last week to all his clients, including the vice-president.

Entitled "While America Slept, 1982-2006: A Rant on Oil Dependency, Global Warming, and a Love of Feel-Good Data," Grantham's philippic adds up to an extraordinary critique of U.S. energy policy over the past two decades.

. . .

"Successive U.S. administrations have taken little interest in either oil substitution or climate change," he writes, "and the current one has even seemed to have a vested interest in the idea that the science of climate change is uncertain."

Yet "there is now nearly universal scientific agreement that fossil fuel use is causing a rise in global temperatures," he writes. "The U.S. is the only country in which environmental data is steadily attacked in a well-funded campaign of disinformation (funded mainly by one large oil company)." That's ExxonMobil (XOM) .

As for Massachusetts Institute of Technology professor Richard Lindzen, who appears everywhere to question global warming, Grantham mocks him as "the solitary plausible academic can dig up, out of hundreds working in the field."

. . .

I repeat: This is not some rainbow coalition. This is not even Al Gore. Grantham is the chairman of Boston-based fund management company Grantham, Mayo, Van Otterloo.


http://www.thestreet.com/pf/funds/fundmorning/10336832.html

uh oh, appears someone is peeing in Cheney's Wheaties this morning.

himself and decide to go unpeacefully into that good night.

n/t

... why else would these cretins be pooh-pooh'ing oil dependence and starting to sing the praises of open-mindedness toward other options ?


:puke:

He is a professional investor, not a politician. And judging by what he's writing, he's no fan of Cheney's even though he manages some of Cheney's money.

I actually met him once a while back.... don't remember much about the meeting. But he's an exceptional money manager, that's beyond dispute, IMHO.

Outright global corporate gangster-ism. The corporatists have mostly cornered the market overseas where they could. So as a consequence it is easy to see how and why they have turned back to the homeland in the good ole USA for what they think should be easy pickings.

Confessions of an Economic Hit Man, by John Perkins--the shocking real-life story of how America built an empire on third world debt:
http://www.economichitman.com/

1) Invest ALL of it in alternative energy.
or
2) Invest ALL of it in Left Behind Games Inc. (OTCBB: LFBG)

This is NOT investment advice or a recommendation of what any reasonable human being (or Dick Cheney) should actually do.

This guy should go into hiding now, if he's smart.

And China "already has auto fuel efficiency standards well ahead of the U.S.!" he adds. You've probably heard about China's slow economic growth.

Lindzen is nothing more than a contrarian blowhard with no data to back his claims.

and a smidgen of conscious to boot.
BHN

His type is who I always think of when we have the 'eat the rich' threads here.

:kick: :kick: :kick:

Wow.