Blackstone CEO predicts the energy crisis will worsen inflation and prompt social unrest
The energy shortage is severe enough that it could cause a lot of unhappiness and social unrest, said Blackstone CEO, Stephen Schwarzman. Benchmark US oil futures are around $85 a barrel after surging about 75% year-to-date. Oil could rise to $100 a barrel, said BlackRock CEO Larry Fink. The global energy crisis is severe enough that it could fuel social unrest, said the CEO of asset management company Blackstone on Monday. Stephen Schwarzman was speaking at the Future Investment Initiative conference in Saudi Arabia. Schwarzman, who is also co-founder of the investment firm, said: “We’re going to end up with…
Source: http://freedombunker.com/2021/10/27/blackstone-ceo-predicts-the-energy-crisis-will-worsen-inflation-and-prompt-social-unrest/
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