Today King World News spoke with billionaire Wilbur Ross about what he believes will literally revolutionize the world. Ross, a legendary investor, believes this will help people all over the world, from the Americas, to Europe and Asia. For investors around the globe, yes you can make money investing in this. In fact, in the KWN audio interview Ross tells you exactly which stock he has invested in to take advantage of this remarkable situation.
Here is what Wilbur Ross had this to say: “We are very heavily invested in shale gas. What excites us about shale gas is, first of all, the sheer quantity of it in the US. It’s enough for decades and decades of supply for all of the US needs. Number two, it’s much less pollutive than coal, and cheaper.”
Wilbur Ross continues:
“Coal used to be 50%, or thereabouts, of electric power generation, and natural gas had been around 25%. Now they are each around 33%. Eventually, we think natural gas will supplant coal as the principle source of power generation, and will do so on a much, much cheaper basis.
Also, what’s amazing about the shale gas phenomenon, is that often in association with the shale gas there is found oil. So you’ve now got a huge new source both of oil and of shale gas, and both at prices well below market….