New Fortress CEO Wes Edens on CNBC Notes:
- Energy Crisis is going to push inflation higher because we all pay for the rise in prices via costs through electricity or gas or goods prices that it takes to get products to us. Part of the reason to blame is the lack of investments in capex on O&G.
- Energy Crisis could get worse, biggest factor is dependent upon the weather this winter. Bad winter (as expected) will make things worse.
- Infrastructure is criminally under invested in the US and sorely needed to help not only keep us competitive but still bringing us through the choppy waters we are going to experience.