Wilbur Ross Likes $IRE Says ‘Natural Gas to Double or Triple’ (Video)

Wilbur RossImage source: Video Screenshot

Wilbur Ross Likes $IRE Says 'Natural Gas to Double or Triple' (Video)

 

Wilbur Ross was on CNBC this morning and gave his views on natural gas

“I think we’re very close to a bottom in natural gas.

“I think with the cutbacks in production that are coming and the continued growth in demand  – mainly the substitution of natural gas for coal — prices will double or even triple from where they are now.”

On Europe:

“You have to look at Europe on a country by country basis.”

He likes Ireland in particular and the Bank of Ireland, stating “They’re much farther along than the other countries.”

“it has the lowest tax rate in Europe.”

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