Jeremiah Carey presents a version of panentheism which he attributes to Gregory Palamas, as well as other Greek patristic thinkers. The Greek tradition, he alleges, is more open to panentheistic metaphysics than the Latin. Palamas, for instance, hold that God's energies are participable, even if God's essence is not. Carey uses Palamas' metaphysics to sketch an account on which divine energies are the forms of created substances, and argues that it is open to Orthodox Christians to affirm that God is in all things as their formal cause. I argue that Carey's reading is premised on a superficial examination of the patristic literature. More importantly, Palamas' metaphysics is opposed to that of Carey, since Palamas' distinction aims to uphold the view that created persons are only contingent participants in God. On this, Palamas and the Latins are in complete accord. In conclusion, I propose that panentheistic metaphysics begins from a false dilemma.