Scott Shields Katy

Blackstone’s Stephen A. Schwarzman: Lessons on how to be a successful entrepreneur By Stephen A. Schwarzman Published September 17, 2019 Opinion FOXBusiness Reposted by Scott Shields Katy, Scott Shields Houston Blackstone CEO: Capitalism has created an enormous increase in standard of living Blackstone CEO Stephen Schwarzman on the debate over capitalism versus socialism and the importance of improving the U.S. educational system. Today, business schools across the world teach students how to be entrepreneurs. There are frameworks and checklists for building and financing new ventures, and charts that plot the milestones of a new company, usually on a single slide along a smooth, always-upward curve. No one ever spends enough time telling you about the pain. My experience of entrepreneurship was anything but a smooth, upward curve. It’s been filled with ups and downs, unpredictable challenges, and many hard-learned lessons. Starting a business requires grit, determination and the

The tide may be turning for the worst-performing S&P sector this year PUBLISHED 4 HOURS AGOUPDATED AN HOUR AGO Michael Affigne Trading Nation: Energy catches fire Energy stocks may be fueling up for a comeback rally. Republished by Scott Shields Katy, Scott Shields Houston, www.morganshields.com Geopolitical tensions in Saudi Arabia sent the XLE ETF, which tracks energy stocks, surging over 2% on Monday. Matt Maley, equity strategist trader at Miller Tabak, says this could be energy’s time to shine. “We’re getting in this time of the year, when you get to the last three or four months of the year, that any time an underperforming group and under-owned group — the energy sector is less than 5% of the S&P — when it starts to rally, that attracts a lot of the institutional investors that are looking to make up performance. And the best way to do that is with an under-owned group that’s playing catch-up,” Maley said Monday on CNBC’s “Trading Nation. ” Energy has been the worst

SUSTAINABLE BUSINESS AUGUST 20, 2019 / 1:14 AM / UPDATED 4 HOURS AGO Climate change could rain on Saudi Aramco's IPO parade Clara Denina, Sinead Cruise, Rania El Gamal, Simon Jessop 11 MIN READ LONDON/DUBAI (Reuters) - Saudi Aramco’s biggest asset could also be a liability. Reprinted by Scott Shields Katy, Scott Shields Houston, www.morganshields.com FILE PHOTO: An oil tanker is being loaded at Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia, May 21, 2018. REUTERS/Ahmed Jadallah/File Photo The state energy giant’s vast oil reserves – it can sustain current production levels for the next 50 years – make it more exposed than any other company to a rising tide of environmental activism and shift away from fossil fuels. In the three years since Saudi Crown Prince Mohammed Bin Salman first proposed a stock market listing, climate change and new green technologies are putting some investors, particularly in Europe and the United States, off the oil and gas sec

Surf’s Up: Second wave of LNG is here The long-anticipated “second wave” of liquefied natural gas projects is here as tsunami of final investments decisions get made and construction contracts awarded, executives and analysts said. With construction of export terminals sanctioned during the first wave nearing completion, a second round of large LNG export projects are planned from the Texas Gulf Coast to Africa to the Arctic Circle. A joint venture between Exxon Mobil made a final investment decision in February on the $10 billion Golden Pass LNG export terminal in the southeast corner of Texas. The Woodlands oil and gas company Anadarko reached a final investment in June for the its $20 billion offshore Mozambique LNG project in southeast Africa. Earlier this week, Russian natural gas company Novatek awarded a $7.6 billion construction contract to oilfield service company TechnipFMC to build the Arctic LNG 2 export terminal on the Gydan Peninsula of Siberia. The Arctic Circle pr

Trump executive order will aim to prevent states from blocking pipelines, energy infrastructure PUBLISHED TUE, APR 9 2019 • 8:02 PM EDT UPDATED WED, APR 10 2019 • 11:35 AM EDT Tom DiChristopher @TDICHRISTOPHER KEY POINTS Some states are using authority under the Clean Water Act to block fossil fuel pipelines and infrastructure.President Donald Trump will sign an executive order that seeks to limit states’ ability to delay construction.The same executive order contains several other provisions to promote energy infrastructure development. 📷 President Donald Trump holds up a signed executive order to advance construction of the Keystone XL pipeline at the White House in Washington January 24, 2017. Kevin Lamarque | Reuters. Reposted by Scott Shields Houston, Scott Shields Katy. President Donald Trump will issue an executive order that aims to prevent states from blocking pipelines and other energy infrastructure by using authority granted to them under the Clean

SEARCH FOR: Abu Dhabi Aims To Lure Start-Ups With Investment In New Technology Hub FILE PHOTO: General view of Abu Dhabi, United Arab Emirates, January 3, 2019. Picture taken January 3, 2019. REUTERS/ Hamad I Mohammed/File Photo March 24, 2019 By Stanley Carvalho, reposted by Scott Shields Katy, Scott Shields Houston   Www.morganshields.com ABU DHABI (Reuters) – Abu Dhabi will commit up to 1 billion dirhams ($272 million) to support technology start-ups, it said on Sunday, in a dedicated hub as part of efforts to diversify its economy. U.S. tech giant Microsoft will be a strategic partner, providing technology and cloud services to the businesses that join the hub as the capital of the United Arab Emirates continues its push to reduce reliance on oil revenue. Abu Dhabi derives about 50 percent of its real gross domestic product and about 90 percent of central government revenue from the hydrocarbon sector, according to ratings agency S&P. The emira