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Showing posts with label WSJ.com: Markets. Show all posts
Showing posts with label WSJ.com: Markets. Show all posts

Monday, April 6, 2015

Carlyle Group: All-In On Energy

Carlyle Group Historical Logo
Carlyle Group Historical Logo (Photo credit: Wikipedia)
Oil prices have fallen from over $100 a barrel in the summer of 2014 to under $50 today. Oil companies have respond  to the tumble in prices. Big players have slashed spending and laid off workers. But where some bite the bullet others hear opportunity knocking.

"We're very bullish on the energy sector. In fact, we'd say probably there is no other sector in the world that we are as bullish on as we are on energy," said David Rubenstein, the co-founder and co-CEO of private equity firm The Carlyle Group, on CNBC Monday.

Fewer Oil Trains Ply America's Rails

Princes Risborough railway station (4) - geogr...
According to the WSJ the growth in oil-train shipments fueled by the U.S. energy boom has stalled in recent months, dampened by safety problems and low crude prices.

Or does the Oil producers need to invest in more oil storage facilities. Could the stalled rail cars are a new storage strategy for an American oil market bursting at the seams?

Wouldn't that be something?


from WSJ.com: Markets