Blackstone CEO: Now is the Time for Long-Term Energy Investments
David
Foley, the CEO of Blackstone Energy Partners, has said that private
equity investments in energy offer much better opportunities for
investors willing to take a long term view of the markets and capitalise
on general global trends, rather than focussing on short term
volatility.“Some of the volatility, what's going on with Iran, what's
going with Greece, these things create a lot of volatility on the demand
side, up and down.”Investors get worried that low demand for oil, the
current economic climate, record low natural gas prices…Read more...
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