Photo: Linette Lopez, Business Insider
Today, Bloomberg Markets Magazine hosted a lunch with famed private equity investor, Wilbur Ross.Given that he’s into distressed assets, Ross is an excellent person to talk to about today’s global economy in general.
But even more than that, Business Insider wanted to get some context on something he’s been really bullish about — natural gas. He thinks that it’s current low price is just a blip on radar, and soon enough we’ll see it swing back up again.
Here’s why: Ross believes the fuel is an excellent intermediate step between dirty fossil fuels, like coal and oil, and renewable energy sources that are currently too expensive.
It will be very “helpful to our balance of payment,” since the U.S. can export the resource, “and reduce our reliance on Arab nations,” he said.
What’s not to like?