accelerated the purchases. i don t think we have an issue with demand. i think incomes are strong, retail sales are strong, companies have lots of money. the problem is the supply-side end unless we fix the supply-side it will contaminate demand-side. supply destruction and inflation. trace: one of the biggest indicators is gas prices, i tell people outside the door it s $5.65 a gallon. on one hand you have the president tapping oil reserves adding 50 million barrels of oil to the market and on the other hand he wants to make it more expensive to drill for oil on federal property. how do you square the two. were in a very funny. where we have a transition issue, were moving away from fossil fuel, coal, oil.
accelerated the purchases. i don t think we have an issue with demand. i think incomes are strong, retail sales are strong, companies have lots of money. the problem is the supply-side end unless we fix the supply-side it will contaminate demand-side. supply destruction and inflation. trace: one of the biggest indicators is gas prices, i tell people outside the door it s $5.65 a gallon. on one hand you have the president tapping oil reserves adding 50 million barrels of oil to the market and on the other hand he wants to make it more expensive to drill for oil on federal property. how do you square the two. were in a very funny. where we have a transition issue, were moving away from fossil fuel, coal, oil.
Then, as uranium stocks did move significantly higher in recent months as investors rekindled their love affair with a sector that had been left for dead for much of the past decade, at the start of February an TD Securities analyst said that the reddit short squeeze crowd had started to buy into the sector as well, shortly after a BofA analyst laid out an even more bullish fundamental case, on the assumption that the US could delay the closure of its aging nuclear fleet, boosting demand over the next few decades.
Next, the bullish uranium case was further bolstered by a lengthy tweetstorm by former hedge fund manager Hugh Hendry who said
there you go, way to go, joe. a lot of grand kids. futures pointing lower. the major three broke a seven day win streak. the dow very close to 17,000. that would be another big milestone in a phenomenal run. just seven months ago. a european shares are mixed on lower than expected economy. asian stocks are higher. tensions in iraq. oil prices pulled back from $107 a barrel we saw last week. exports from iraq have remained unaffected on baghdad easing fears of the supply destruction. they have going to see record post war exports. if the southern part of the country can stay out of the hands of isis, production is going to keep going.
that s probably what it s for an old-fashioned concept we don t use it because people don t like $4 gas, gas is going to get more expensive every year because there s less of it. get use today that. and larry, do you think it s a good idea. no, releasing the strategic petroleum reserve is no way to solve our nation s long-term energy problems. that s what we need to do. in addition to what toby says about infrastructure. california prices are up 20 to 30 cents in a day and this is no national supply destruction. because we haven t built a refinery since the mid 70 s and because of energy infrastructure is lacking. we don t have the pipelines to transport the energy and one more point, it s also not just the fear premium. we have the purchasing price of the dollar. it s no coincidence the fact that oil prices, gasoline is up 100% since inauguration day and the debt is up more than 50% and gold is soaring through the roof there s no coincidence, the dollar, it s