Energy crisis will set off social unrest, Schwarzman warns

Wealthion/Matt Egan-CNN/10-26-2021

graphic representation of a bulletin board note reminder that the 1970s equal the 2020s“We’re going to end up with a real shortage of energy. And when you have a shortage, it’s going to cost more. And it’s probably going to cost a lot more.” – Steve Schwarman, Blackstone CEO

USAGOLD note: Schwarzman says banks are not making loans to drill for oil and that is going to create problems in the supply. Prices will rise globally and social unrest will follow. If you are old enough to remember the 1970s, rising oil prices and accompanying shortages are going to have the ring of familiarity.

Share
This entry was posted in Today's top gold news and opinion. Bookmark the permalink.