Blackstone CEO Schwarzman: Time to Invest in Energy

The Senate is debating a $1.1 trillion spending bill facing opposition from both parties. Elizabeth Warren and Ted Cruz have voiced concerns over specific provisions. The Senate must act by Saturday to prevent a government shutdown. Meanwhile, wholesale prices fell in November, indicating weak inflation despite economic growth. The Federal Reserve will consider this data in its upcoming meeting. Oil prices are under pressure due to weak demand and strong supply, affecting economies like Russia. Steve Schwarzman of Blackstone sees this as a prime time for energy investments, as companies need to restructure and raise capital.

What is the main concern of Elizabeth Warren regarding the spending bill?

• It rolls back part of the Wall Street Reform bill.

• It increases taxes on the middle class.

• It supports President Obama's immigration plan.

• It reduces funding for education.

What economic indicator showed a sharper drop than forecasted in November?

• Unemployment Rate

• Retail Sales

• Consumer Price Index

• Producer Price Index

How do low oil prices affect oil-producing countries according to the IEA?

• They lead to higher inflation.

• They hurt the economies of these countries.

• They increase demand for crude.

• They boost economic growth.

What opportunity does Steve Schwarzman see in the current energy market?

• Investing in technology startups

• Investing in real estate

• Investing in renewable energy

• Investing in energy as oil companies restructure

What is the predicted impact of the IEA's forecast on oil demand and supply?

• Increased demand and decreased supply

• Decreased demand and increased supply

• Stable demand and supply

• Unpredictable demand and supply