My partners and I would like to give this project a go. Over the last few months we have been playing around with some code and looking at other attempts at this project. We currently have a working prototype for a raspberry pi 3.
We have seen...
Jason Burack of Wall St for Main St had on returning guest, oil and natural gas expert, Elliott Gue. Elliott writes the oil and natural gas newsletter, https://www.energyandincomeadvisor.com/, Energy & income Advisor with Roger Conrad.
Elliott\'s bio can be found here: https://www.energyandincomeadvisor.co…
During this 40+ minute discussion about the oil market, Jason starts by congratulating Elliott about his oil market call in December 2014 the last time he was on the show, when he said oil would to go $40/barrel and stay around those levels for at least 12 months. Elliott proved to be correct about his call on oil.
Jason then talks about how resilient oil producers in the US, specifically US shale producers, have been able to stave off bankruptcy.
Elliott says US shale producers like EOG Resources and others have been good with drastically cutting costs to the bone in order to survive this crash in oil prices the last 2 years.
Elliott thinks oil will stay in a low trading range between $40-$60/barrel for at least another few years. Elliott says this will be a bathtub shape bottom rather than a V shaped recovery in oil prices like in 2009. Elliott says that in the long term this means a lot higher prices for oil because over $150 billion in investment in future oil supply has already been cut and billions more will be cut replacing produced reserves.
Jason also asks Elliott about the Saudi Aramco IPO, why Saudi Arabia needs the money and how Venezuela\'s poor economy and political situation could affect their oil production.
To wrap up the interview, Jason asks Elliott which oil companies still offer the best risk/return for value without the likelihood of going bankrupt if oil prices start going lower.
If you were thinking of diversifying into oil or are interested in the oil market, this is an excellent in depth discussion of one of the world\'s largest and most important markets.
Please visit the Wall St for Main St website here: http://www.wallstformainst.com/
Follow Jason Burack on Twitter @JasonEBurack
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Follow Wall St for Main St on Twitter @WallStforMainSt
Also, please take 5 minutes to leave us a good iTunes review here! https://itunes.apple.com/us/podcast/w…
If you feel like donating fiat, Bitcoin, gold or silver, Wall St for Main St accepts donations on our main website.
Wall St for Main St is also available for personalized investor education and consulting! Please email us to learn more about it!
The post Elliott Gue: Saudi Arabia Doesn\'t Want Oil Prices to Rise… Yet? appeared first on Financial Survival Network.
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When I was introduced to Bitcoin ~4 years ago, it was reassuring to see my transactions on the main-chain. If blocks are full and users are pushed to exchanges, isn't part of the magic gone?
The first sentence of the Bitcoin White Paper says, "A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution."
I just think new users are going to want to be part of the blockchain, and won't be okay with using Coinbase or Gemini. They will also want to send BTC quickly. Full blocks are going to make that hard because even with high fees, there is only so much space in each block.
Perhaps my fear is unfounded?
I'm looking to hopefully have an honest and open conversation to get some of the communities opinions in a non-judgemental way.
Thankssubmitted by /u/Annapurna317
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