$2 a Gallon Gas Prices Are Imminent in US

One has to wonder how low oil prices and gasoline prices can go. What will happen if gasoline falls to $1.50 a gallon or lower? That could boost the economy, but it will also hurt a lot of people, including those with oil company stock, oil industry workers, and Tesla stock holders. Expect to see a lot of economic chaos because of cheap gas.

Uber Meets Reality

It looks like Uber is in legal limbo in Nevada and will be for the foreseeable future. A number of court hearings are scheduled on the service, which means the matter will have to be settled by a higher court. That means months of appeals and high legal bills for Uber

Uber Looking for another Billion Dollars

It looks as if Uber might not be the cash cow that some people think it is. Instead, it is a very expensive business built on a lot of debt that could implode quickly. My prediction for Uber is that it will borrow a fortune from investment bankers then, when that ATM starts running empty, it will issue an IPO and a lot of worthless stock.

A Few More Things that Uber is not Telling You

You can be fired at any time for absolutely no reason. Forbes contributor Ellen Huet noted that the contracts Uber has drivers sign allow it to simply cut them off at any time. The company doesn’t even have to tell drivers why they were cut off and left without income. Uber can do this because its drivers are independent contractors, not employees.