The Market And Energy Page, T+147 -- June 16, 2017

Grocery: For the archives -- Amazon announcing it will buy Whole Foods. I am excited about this on so many levels.  

Disclaimer: this is not an investment site. Do not make any investment, financial, job, travel, or relationship decisions based on what you read here or what you think you may have read here.  

Disclaimer: I own no shares in Amazon or any company directly impacted by this announcement. I am a spectator and that's all. I love the deal because this may signal the beginning of E-Commerce 3.0.

Disclaimer: I am an Amazon Prime member. 

When Amazon began selling books, that was the beginning of E-Commerce 1.0.

When Amazon become mainstream, and introduced Amazon Prime, that was the advent of E-Commerce 2.0. If that's a stretch, then certainly when Wal-Mart began its on-line operations, we were into E-Commerce 2.0.

Amazon entering the on-line grocery business, this suggests to me we are now seeing the beginning of E-Commerce 3.0.

I've been disappointed that retailers, including Wal-Mart, have not been able to figure out e-commerce better than Amazon, and even worse, have not been able to figure out e-commerce grocery. This should light the fire under a lot of retailers -- they better get their e-commerce figured out fast.

The next target: drugstores? I think the vast majority of buyers of pharmaceuticals are seniors. This group, as much as millennials, would like home delivery.

Another target: fast-foods? Panda Express? Burger chain? Taco chain? I believe I heard Jim Cramer say that one of Uber's biggest businesses is UberEATS.