This’ll be ‘best investment in the world’: Rubenstein

Philanthropist and billionaire private equity professional David Rubenstein has told CNBC that oil prices will bounce back over time and will make carbon-related energy assets one the best additions to any investor’s portfolio.

Speaking from Johannesburg, the co-founder and co-chief executive of The Carlyle Group, reiterated his bullishness on the sector and labeled renewable energy as less efficient and cost-effective.

“In time (oil) prices will come back, in time demand will catch up with supply, and in time I do believe that carbon-related energy will turn out to be one of the best investments in the world,” he told CNBC Tuesday.

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