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Jeff Matthews

In the financial news...

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Crude is at its highest since Jan. 2020, and almost every major world stock index future is up.  Tomorrow will be interesting... maybe.

 

 

Hee Haw's Don Harron as Charlie Farquharson on KORN News. When I was a  little kid, my first memories of seeing him on Hee Haw… | 70s tv shows, Old  tv shows,

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3 hours ago, MyOwn said:

 

Hopefully it will be decriminalized/legalized and what have you..... but how can a company or business the sells an illegal substance (at the US Federal Level and almost all county's on planet earth) be traded on the US Stock Market.

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43 minutes ago, Gilbert said:

 

Hopefully it will be decriminalized/legalized and what have you..... but how can a company or business the sells an illegal substance (at the US Federal Level and almost all county's on planet earth) be traded on the US Stock Market.

watched a show last week ... historically they've had to deal in cash due to banking being federally regulated. some lady in Colorado started a credit union specifically for people in that industry. she said they did two billion last year. 

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I don't doubt the sales and profits for a moment....  marijuana sales will save the state of CA and keep all those lofty State/County/City pensions paid for......   I just don't understand how an illegal commodity can be traded on the US Stock Market.

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49 minutes ago, Gilbert said:

I don't doubt the sales and profits for a moment....  marijuana sales will save the state of CA and keep all those loft pensions paid for......   I just don't understand how an illegal commodity can be traded on the US Stock Market.

Good Point Gilbert.

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On 2/1/2021 at 9:16 PM, Jeff Matthews said:

Crude is at its highest since Jan. 2020

Of course. We just stopped construction on a 800,000 gallon a day pipeline to Texas didn't we?

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5 hours ago, JL Sargent said:

Of course. We just stopped construction on a 800,000 gallon a day pipeline to Texas didn't we?

Most of that oil was for the Gulf port for foreign distribution I believe.

JJK

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15 minutes ago, JJkizak said:

Most of that oil was for the Gulf port for foreign distribution I believe.

JJK

Now we will be buying oil from foreign countries because we will not have a surplus to sell. Makes sense to me. 

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23 hours ago, henry4841 said:

Now we will be buying oil from foreign countries because we will not have a surplus to sell. Makes sense to me. 

 

The United States has been importing foreign oil since forever, nothing new, at least not during our lifetimes. It wasn't until the early 70's that a wakeup call came in the form of OPEC.... the "why" is a whole other story that involves Israel.... or course. Not sure how many are aware, but Saudi reportedly purchased SHELL a year or so back. They pulled the plug on their Louisiana refinery just last year. Importing oil is nothing new, except that US drilling was made a little harder and the pipeline for Canada's heavy sludge export was temporarily postponed,... again.

 

It's purely political and has much more to do with $$ than the environment or alternative energy sources.....  The O&G industry contributes heavily to team RED and the polluting "Green Energy" industry gives their kick-backs to team BLUE. Politics.....   same as it ever was.

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On 2/5/2021 at 3:17 PM, henry4841 said:

Now we will be buying oil from foreign countries because we will not have a surplus to sell. Makes sense to me. 

How do you know we will not have a surplus?

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