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.

How are low oil prices affecting the economies of producing countries like Russia?

What does Steve Schwarzman suggest about investing in energy?