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Billionaire 'Bond King' Bill Gross explains why oil and gas pipelines are his top investment even as AI fervor swirls

"It's been wonderful — it's been almost as good as AI," Bill Gross said about the returns he's gotten from oil and gas partnerships.

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Bill Gross: Oil, Gas Pipelines Are Top Investment, Delivering AI-Like Returns

Bill Gross: Oil, Gas Pipelines Are Top Investment, Delivering AI-Like Returns
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Le 4 milliardième baril de pétrole est extrait du champ Azéri-Tchirag-Gunechli

Le 4 milliardième baril de pétrole est extrait du champ Azéri-Tchirag-Gunechli
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Detailed text transcripts for TV channel - FOXNEWS - 20140713:14:26:00

canadian government on this program, and the bottom line there is, they need a plan b. they're not going to wait. so, you know, the fact that they have approved this western pipeline, what does that mean in terms of the options that canada has? we know that china needs the oil. >> and they -- they're getting -- china is trying to search the world to get oil. and they already own assets in alberta. and so this is their plan b. canada's plan b. is a western pipeline and an eastern pipeline. the eastern pipeline is already in construction phase. the western pipeline has been approved in the eminent domain and land approved too. so they're already working on their plan b, maria. >> how substantial would the jobs being created by keystone be? i know that you've talked about 40,000 jobs, as have others. but what really is the impact of all of these delays?

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Detailed text transcripts for TV channel - FOXNEWS - 20140713:14:24:00

that the transfer of oil via the keystone, can be done safely, and not impact the environment negatively. what else do we need to hear in terms of unlocking this and creating this 40-plus thousand jobs that all of the people who want this done say that could be created? >> well, this is such an important project for our energy security and stability of our energy in the united states. and so we've got to keep fighting for this. but the reality is that it's not only the security of this, but i want to bring up something other, is that since we last talked, the canadian government has approved the western pipeline. so what that means is that the oil that could be coming into the united states from alberta can now be exported in canada to china. so it will it be used anyway.

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