Wes Edens, the founder of Brightline and New Fortress Energy, recently spoke to Morgan Brennan at the groundbreaking ceremony for Brightline West, a high-speed train connecting Las Vegas and southern California.
Edens shared his views on the energy markets, geopolitical risks, and why he believes the Federal Reserve will be cutting rates later this year.
Edens believes that the energy markets are currently in a state of flux, with a number of factors converging to create volatility. These factors include the war in Ukraine, the global pandemic, and the ongoing energy transition.
He also noted that geopolitical risks are having a significant impact on the market, with the potential for further escalation in the conflict in Ukraine and tensions between the United States and China.
Despite these challenges, Edens remains optimistic about the long-term prospects for the energy industry. He believes that the growing demand for energy, coupled with the need to transition to cleaner sources, will create significant opportunities for investment.
He also believes that the Federal Reserve will be cutting rates later this year, which he sees as a positive for the economy and the stock market.
