Fight to Export US Oil
- Refineries contribution to US GDP lessen if ban is released because refineries have less to refine.
- June 2014: two companies can export ultralight type of crude called condensate (added to heavier crude to make them easier to refine)
- Over the past 3 yrs, WTI (West Texas Intermediate) oil has been $13/ barrel cheaper than Brent crude.
- US biggest refiner is Valero Energy; refiners are at 91% capacity
- Break-even price is $85 to balance between i) export vs. ii) make drilling profitable
- 5 years into the oil boom, US is still building pipelines to new areas of production
Return of the Boom-Boom Room
- Refers to the male-dominated, star-driven system, epitomized by the infamous "BBR" of Smith Barney brokerage in NY
- Tinder part of IAC/InterActive Corp
- Former VP of Marketing claims she was stripped of the co-founder title; her contribution was to go to sororities and get girls to get on platform, before heading to the frats. User based tripled.
Pachinko
2nd richest
- Carlos Slim, world's 2nd
- Masayoshi san: Convinced that anything related to microchips could yield a fortune, Son decided to produce at least one entrepreneurial idea a day. He patented a translating device that he eventually sold to Sharp Electronics for $1 million. Applications of the patent include the Wizard series of Sharp PDAs.; Cal alum (1980), met with Japanese McDonalds. Korean heritage
