Qatar’s sovereign fund is also trimming investments; cutting its stake in Barclays by less than a half percent.
Bartiromo asked Sheikh Hamad about this move.
He said, “We believe in it. We will stay in it. And the stock you know, went to the price which we think is the right price.” Bartiromo asked if the fund was still shopping for banks in the U.S. and Europe. Sheikh Hamad says they are.
Over the past year, oil nose-dived down to $32 a barrel or so. Natural gas also saw wild price moves. Bartiromo asked Sheikh Hamad what he is seeing in terms of the demand picture for energy right now. He said, “Demand is there. What we don't want is speculation in the market. That's the big problem, which raised the price to $150. I think if we go back to $150 we'll crash the market. If we go $35 we'll crash the oil industry. And then we'll have a bigger problem in near future in term of prices. So it's very important how we can make-- kind of stability.”
Stability seems to be the key word among world leaders at CGI, G20 and at the UN. Working together will make that happen.
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