• 3 minutes 2nd Annual Great Oil Price Prediction Challenge of 2019
  • 6 minutes "Leaked" request by some Democrats that they were asking Nancy to coordinate censure instead of impeachment.
  • 11 minutes Trump's China Strategy: Death By a Thousand Paper Cuts
  • 14 minutes Democrats through impeachment process helped Trump go out of China deal conundrum. Now Trump can safely postpone deal till after November 2020 elections
  • 2 hours Shale Oil Fiasco
  • 15 mins Everything you think you know about economics is WRONG!
  • 3 mins Wallstreet's "acid test" for Democrat Presidential candidate to receive their financial support . . . Support "Carried Interest"
  • 10 hours USA v China. Which is 'best'?
  • 10 hours Global Debt Worries. How Will This End?
  • 1 day My interview on PDVSA Petrocaribe and corruption
  • 9 hours Judiciary impeachment: Congressman says Sean Misko, Abigail Grace and unnamed 3rd (Ciaramella) need to testify.
  • 2 days Wonders of US Shale: US Shale Benefits: The U.S. leads global petroleum and natural gas production with record growth in 2018
  • 17 hours Quotes from the Widowmaker
  • 2 days Petroleum Industry Domain Names
  • 17 hours Tesla Launches Faster Third Generation Supercharger
  • 10 hours Joe Biden, his son Hunter Biden, Ukraine Oil & Gas exploration company Burisma, and 2020 U.S. election shenanigans
  • 10 hours Winter Storms Hitting Continental US

Once Stock To ‘SNAP’ Up Now

Millenials

If we listen, we can learn a lot from our children. This morning, as I was driving my teenage son and daughter to school, a story came on the radio about the Facebook/Cambridge Analytica problem. It prompted a discussion between them, the conclusion of which can best be described as “So what?”. My first thought was that that was the result of childish ignorance but the more I thought about it, the more I realized that it actually came from a generational difference in experience and philosophy that is significant for investors.

It was not that they were unaware of how social media and the digital world in general made their data and preferences visible, it was that they saw it as a reasonable price to pay for their access to social media platforms and other conveniences of modern life. I prompted a discussion on the targeted ads that I and many of my generation find so scary, but for them, they were not weird at all. Receiving them was simply convenient.

My generation grew up all too aware of the dangers of the erosion of privacy, either experiencing or being given first hand accounts of the rise of dictatorships around the world. Thankfully our children have not. Instead they have lived in the modern developed western world, where a combination of market forces, regulations and experience have combined to curb the worst excesses of both corporations and governments.

All that leads to the inevitable conclusion that those who see the stories about…




Oilprice - The No. 1 Source for Oil & Energy News