SEVENTY FIVE DOLLAR OIL IN THE NEAR FUTURE?Bubba introduces Mike Brown. Bubba comments on some earnings trades that Mike made and how they hit. Mike comments on energy prices and how they are demand driven. He thinks the oversupply will gradually be reduced. He feels that Oil will reach seventy five dollars a barrel in the near future and could go back up to one hundred based on the geopolitical situation.Bubba talks about the problems in China. He asks Mike his position on China. Mike maintains that the real estate problems have not been solved and he would not buy into the Chinese stock market. Bubba laments the problem with real wages. He states that real wages have not risen in a quarter of a century. Mike maintains the reduction of gas prices has not helped as many economists predicted.Bubba asks Mike how he advises investors to trade their money. Mike believes that you need to take your losses and let your winners run. Bubba agrees with Mike. Bubba says that your cash is your inventory, and it must be husbanded. Mike believes it is impossible to have all winners, when you have a bad trade you need to move on and protect your inventory.Bubba asks Mike his opinion of the Bureau of Labor Statistics releasing the jobs number on Friday when the market is closed. Mike maintains that he was shocked. He feels that it is a big mistake. He questions why the number is not being released on Thursday. Bubba and Mike discuss the way the country is being led. Mike maintains that we have a president who never led anything before becoming president and we will look back on this period with a great degree of angst.