Economist Jack Hanney available by Zoom/Skype from Los Angeles/Pacific Time
Introduction: The coronavirus and the law of unintended consequences. With plunging demands for travel, the oil industry is on the ropes with oil prices in negative territory.
How long can this last? They can’t just keep paying money to people to haul away their oil. The economy of multiple nations throughout the Middle East including Saudi Arabia depend on oil for more than half their total economy. The are 2 things on the horizon that can help get oil-drenched nations out of bankruptcy:
1) Things going back to normal again with people traveling, factories operating heavy machinery re-opening, etc., or
2) A War breaks out in the Middle East, disrupting oil supplies. We can only hope it will be the former rather than the latter.
Joining us in this potentially explosive discussion is economist Jack Hanney of Patriot Gold Group.
Q&A:
- How is it possible for oil to be trading at negative prices? Isn’t that like General Motors manufacturing cars and paying people to haul them away?
- How much longer can these oil-dependent nations survivor these inverted numbers, killing their economy?
- Not long ago, the United States depended on foreign oil. Is that currently the case? And where does the United States rank in terms of oil users and exporters?
- What is the likelihood of war breaking out in the Middle East over low oil prices?
- What economic impact may we expect in terms of the dollar and the stock markets in the future?
- Where may we get more information on your company, Patriot Gold Group, investments and the economy?
Reference article: https://finance.yahoo.com/news/could-low-oil-prices-spark-190000714.html
ABOUT JACK HANNEY…
Jack Hanney has been in the financial markets for 20+ years and is widely heralded as an expert in his field.
Born and growing up in Westchester County, NY where his father was a successful politician and owner of an Insurance Brokerage Firm. Jack began subscribing to The Wall Street Journal at the age of 14 and moved to California in his early 20’s to study under William O’Neill, arguably the single most successful investor in the history of the markets and founder of Investor’s Business Daily and author of How to Make Money in stocks.
Jack Hanney went on to be the General Manager and Director of Sales at several algorithmic automated trading companies trading the futures and commodities markets working with Introducing Brokers out of Chicago, Geneva and NYC. Jack was recruited by several tech startups and made a name for himself at Infosearch Media, Virtumundo and The Design People before returning to Finance. Jack passed on Morgan Stanley and other reputable, prestigious Brokerage firms to be a CFP in their Wealth Management Divisions and opted for a position as Senior Executive Trader with MG Private Client Services where he spent 4 years 2010-2014.
Jack Hanney had spent two years as Director of Trading, Executive Vice President of WDM overseeing the Retail Division before collaborating with two other prominent experts in his field and opening Patriot Gold Group a collective of Industry-Leading Experts bringing their clients Investor Direct Pricing and superior customer service.
Jack has written over 200M in business and trades maintaining outstanding relationships with his clients at Patriot Gold Group (PGG), where he is a senior partner, who he refers to as dear friends and family and now … welcoming them to the PGG family of investors. Jack resides in Los Angeles, California and is the proud father of his two daughters, Kate age 10 and Luna age 18.
