Epstein Secrets

tained herein is intended as a general market commentary. Opinions expressed herein are those of Michael Cembalest and may differ from those of other J.P. Morgan employees and affiliates. This information in no way constitutes J.P. Morgan research and should nor be treated as such. Further. the views expressed

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nergy and truly clean carbon-free sources within 10 years. This goal is achievable, affordable and transformative." Al Gore • 2009. Gene scientist Craig Venter announces plans to develop next-generation biofuels from algae in a partnership with Exxon Mobil How have things turned out? There are no commercial

could have discussed: continued growth of global hydropower, politics around the Keystone XL pipeline, the apparent end of Exxon’s collaboration with Craig Venter to develop fuels from genetically modified algae, and the EU’s decision to deemphasize crop- based biofuels due to concerns about greater carbon emis

arbon emissions than the diesel they replace, and high food prices. HOUSE_OVERSIGHT_024194 --- PAGE BREAK --- Eye on the Market | October 22, 2012 J.P Morgan The most important energy developments of 2012: how countries are planning for Independence Day I:_ What might US energy independence look like? Ri

the marketing name for JPMorgan Chase & Co. and its subsidiaries and affiliates worldwide. This material may not be reproduced or circulated without J.P. Morgan’s authority. © 2012 JPMorgan Chase & Co. All rights reserved. 8 HOUSE_OVERSIGHT_024201

ient and is serviced through distinct legal entities licensed for specific activities. Bank, trust and investment management services are provided by JP Morgan Chase Bank, N.A, and its affiliates. Securities are offered through J.P. Morgan Securities LLC (JPMS), Member NYSE, FINRA and SIPC, and its affiliates globally as lo

tained herein is intended as a general market commentary. Opinions expressed herein are those of Michael Cembalest and may differ from those of other J.P. Morgan employees and affiliates. This information in no way constitutes J.P. Morgan research and should not be treated as such. Further, the views ex

e energy and truly clean carbon-free sources within 10 years. This goal is achievable, affordable and transformative." Al Gore • 2009. Gene scientist Craig Venter announces plans to develop next-generation biofuels from algae in a partnership with Exxon Mobil How have things turned out? There are no commercial

m"; it is used less often to increase growth rates of biomass itself. HOUSE_OVERSIGHT_030814 --- PAGE BREAK --- Eye on the Market November 21, 2011 J.P.Morgan Topic: The quixotic search for energy solutions Today's US energy reality: electricity generation Before exploring why some of these ideas did not pa

ied to be conservative. I am sure you will let me know if I wasn't. 2 HOUSE_OVERSIGHT_030815 --- PAGE BREAK --- Eye on the Market November 21, 2011 J.P.Morgan Topic: The quixotic search for energy solutions Question #3: What if the world ends up relying on coal for the next 100 years, and seeks to prevent f