The 70s that wiped 2 3 of the value of equities. That was then. Is it now . It is hard to say but early indications no. Whats remarkable here my friends, as we look at these numbers how tame they are, considering what is going on. If this were to have occurred back in the 70s and the Worlds Biggest Oil producer which saudi arabia was at time, so much of its oil sidelined we would be in deep you know what. So far does not appear to be the case. Price Futures Group Senior Analyst phil flynn at the cme. Phil, it is remarkable, you know . It really is and you really got to credit the u. S. Energy industry, donald trump and his Energy Policies allowing u. S. Energy producers to do what they do best, that is producing energy. It raises concerns when you listen to the democratic president ial candidates and their Energy Policies what a different story this might have been if we had a democratic president right now. It could have done a lot more damage to the u. S. Economy because these are ca
Work . This is not a no oil or oil choice it is a choice of where it comes from. One activists is rejecting the prediction by the Energy Information agency that we will be using so much fossil fuel in 20 years. That is one of the dumbest things i have heard. He says there is no way the coastline will be leased to oil companies. The whole Environmental Movement in the United States was sparked by an oil spill off of santa barbara, california in the 1960s. The process is just starting and nothing is set until 2019 but in the meantime the sierra club is ready to fight appealing to congress and the public and the courts. We want to look at suing the department of interior. We will put every challenge out that we can. This is the plan that is included. These big blocks show the areas being reviewed for drilling leases but i want to point out this is only the first phase. There would be at least two mackelmore to narrow down the potential sites based on things like the environment and nation
Strategies may be unraveling. David faber first reported that the tech company may not move forward with its longplanned spinoff of its multibillion dollar stake in alibaba, the giant chinese internet company. It will examine a deal involving yahoo s core internet business. An official announcement of the change could come as soon as tomorrow. Shares of yahoo moved higher initially after the report. The moves raise a host of questions, they come to mind. John ford is here to answer them. Welcome. Why did the board step in here and make this change in a long hailed strategic plan. It comes down to taxes. There was an can agtivist infester starboard pushing them at first to spin off alibaba because its worth so much. Then when the u. S. Government wouldnt say yes, well let you do this without getting taxed they said wait a minute, more and more its looking too risky if we have to pay a tax bill selling that off. Instead, why dont you sell the core business. Yahoo has not yet made it clea
David faber first reported that the tech company may not move forward with its longplanned spinoff of its multibillion dollar stake in alibaba, the giant chinese internet company. It will examine a deal involving yahoo s core internet business. An official announcement of the change could come as soon as tomorrow. Shares of yahoo moved higher initially after the report. The moves raise a host of questions, they come to mind. John ford is here to answer them. Welcome. Why did the board step in here and make this change in a long hailed strategic plan. It comes down to taxes. There was an can agtivist infester starboard pushing them at first to spin off alibaba because its worth so much. Then when the u. S. Government wouldnt say yes, well let you do this without getting taxed they said wait a minute, more and more its looking too risky if we have to pay a tax bill selling that off. Instead, why dont you sell the core business. Yahoo has not yet made it clear its going to sell yahoo the
David faber first reported that the tech company may not move forward with its longplanned spinoff of its multibillion dollar stake in alibaba, the giant chinese internet company. It will examine a deal involving yahoo s core internet business. An official announcement of the change could come as soon as tomorrow. Shares of yahoo moved higher initially after the report. The moves raise a host of questions, they come to mind. John ford is here to answer them. Welcome. Why did the board step in here and make this change in a long hailed strategic plan. It comes down to taxes. There was an can agtivist infester starboard pushing them at first to spin off alibaba because its worth so much. Then when the u. S. Government wouldnt say yes, well let you do this without getting taxed they said wait a minute, more and more its looking too risky if we have to pay a tax bill selling that off. Instead, why dont you sell the core business. Yahoo has not yet made it clear its going to sell yahoo the