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Posts Tagged ‘economy’

mmmmm.. Marijuana

Sunday, July 13th, 2014

Seattle’s first and only recreational marijuana store had to close on Friday after running out of stock in just three days since Washington became the second U.S. state to allow pot sales to adults.

For the rest of us (besides Colorado), what a pity! I cannot even imagine having a store that sells pot muchless having the issue of running out of stock! ūüėÄ

However, even if I wanted to get involved in the selling of pot, I would have to be rich.

Currently, getting a license costs anywhere from $60,000 to $500,000 so that means
i am out of the running.

Florida could use the extra income from marijuana. If we can get approved the medical marijuana bill, then 60 to 500 million in tax revenue could be achieved.

The more states that approve this new crop could change the world of drugs.

All of the cartels will have to figure out something different to stay in business.

Marijuana users could see substantial savings due to marijuana legalization, as prices could fall by up to 100 times, perhaps freeing up some cash to spend on other things.

Marijuana growers account for $14 billion a year in sales in California, making it the state’s most valuable cash crop,

It’s estimated that illegal marijuana is a $36 billion industry in the U.S

n 2011, Colorado pulled in $5 milllion in sales taxes from medical marijuana businesses

Economist Stephen Easton estimated in 2010 that legal marijuana could be a $45 to $100 billion industry,

So why not get a new industry rolling that will not only help the state’s economy but all of us pot lovers? Do you have an opinion on this?

Higher Gas Prices?

Sunday, February 12th, 2012

Old oil data but interesting…

We were able to secure the statistics from the U.S. Department of Energy for various oil companies for calendar Year 2000:

Shell purchased 3,611,000 barrels from Kuwait and Saudi Arabia
BP purchased none from the Middle East.
Chevron purchased 14,724,000 from the Middle East.
Citgo-None from the Middle East.
Amoco purchased 3,611,000 barrels from the Middle East.
Exxon-Mobil combined purchased 13,273,000 barrels from the Middle East.
Marathon purchased 10,710,000 in Middle Eastern oil.
Sunoco purchased none from the Middle East.
Conoco purchased 523,000 from the Middle East.
Sinclair-We didn’t find any figures.
Phillips-We didn’t find any Middle Eastern purchases.

Push forward to 2010.

Imported from Middle East

Shell                                                   5,620,000*
Chevron/Texaco                                  91,168,000
Exxon /Mobil                                       121,300,000
Marathon/Speedway                         76,660,000
Amoco                                                  55,906,000

Not Importing

Sunoco                                                 0
Conoco                                            18,687,000
Sinclair                                               0
BP/Phillips                                    55,906,000*
Hess                                                      0
Valero                                             92,305,000
Murphy Oil USA                               0

So why are we going to pay alot more for a gallon of gas? It makes no sense since most of the oil is not from the Middle East. Now the news will tell you because of the upheaval in Greece, the Iran threat of closing the passage, the other Middle East countries vying for a different ruler. It is my understanding that the U.S. gets most of its oil from Canada and Mexico. So where is the expense of importing a barrel of oil?
It is either trucked or piped into the refineries. Wake Up, America.

I guess that the other thing that bothers me is that the economy is trying to turn a corner and the gas companies are gouging us for more money.

Where is the outrage? Where is the uproar of the people?

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