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Mid-Week Update: Whereto Oil, UBER & Sears

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Posted by Michael Campbell

on Thursday, 22 June 2017 06:55

Despite OPEC still talking about producton cuts which had Oil in the fities in April, Oil breaks below $43 today setting up big problems for Canada's economy and its deficits. The main driiving force behine the drop in Oil is how easily American frackers have been in ramping up their production and lowering their costs. Meanwhile the “rest of the world” has been very slow to embrace fracking, but when they do it seems inevitable that they are going to add to the low cost supply of oil. Amateur hour is over with UBER's CEO resigning with their stock trading at a value of 68-70 Billion dollars. Mike describes UBER's pioneering and dynamic new "Family Program". Sears, another of the great traditional retailers is preoaring to file for bankruptcy potentially throwing 16 thousand out of work while Amazon continues to expand. 

....also from Michael: Financially Illiterate Graduates a Political Boon

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