Jamie Dimon, the CEO of JPMorgan Chase, says America needs a ‘Marshall Plan for energy’ to significantly boost domestic energy production, as oil and natural gas costs rise.
Dimon repeated his call to build up American energy infrastructure while speaking at a panel on CBS’s Face the Nation, on Dec. 11.
The Marshall Plan, named after its brainchild George C. Marshall, the former U.S. Army chief of staff and U.S. secretary of state, was a massive investment effort funded solely by the United States after the Second World War to rebuild a devastated Europe.
The program, which cost the United States the equivalent of more than $100 billion, helped Western Europe rebuild and modernize its economy and prevented Soviet influence from taking root there in the early stages of the Cold War….