Energy crisis will set off social unrest, Schwarzman warns
“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.