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.