(OICanadian) - He is one of the most famous entrepreneurs and investors in the United States and the world. We talk about Ray Dalio, who usually leaves economic and financial considerations that everyone wants to hear.
Now Dalio, founder of the world’s largest hedge fund, Bridgewater Associates, advised against pushing too quickly a transition from fossil fuels to renewable energy and praised oil companies for providing a “reliable” supply.
The great risk that the extraction and sale of crude prevent is inflation, able to “take food out of people’s mouths“, as revealed by Dalio in a conversation offered within the framework of the Sustainability Week summit in Abu Dhabi (United Arab Emirates).
“Thank God for oil producers“said the billionaire, published by Bloomberg, arguing that they maintain the supply that curbs costs.
