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The future of crude is higher highs and higher lows. It's as certain as the law of supply and demand.

Or, you could call it a case of too many increasingly worthless dollars chasing too few increasingly overvalued assets.

Beware false profits.

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I've already posted this, but it bears repeating: http://www.iags.org/costofoil.html According to the above analysis, America's hidden costs are $3.28 per gallon of gas. Assuming a price of $3/gal at the pump, the real price of a gallon of gas is therefore $6.28, which is comparable to...

The statistics cited in the article are misleading (like most stats). "He said Opec has increased production by 4.5m barrels per day since ’02, ..." 2002 consumption was 77 Mbpd in 2002 and it's 85 Mbpd in 2006. That's 8 Mbpd increased demand since 2002. OPEC has supplied 4.5 Mbpd. How...

http://www.iags.org/costofoil.html According to the above analysis, America's hidden costs are $3.28 per gallon of gas. Assuming a price of $3/gal at the pump, the real price of a gallon of gas is therefore $6.28, which is comparable to what the Europeans pay.

Depends... CPI up --> FED keeps rasing --> USD up --> GLD down Deficits up --> Debts up --> USD down --> GLD up Iran + Hurricanes + Peak Oil --> Oil up --> USD down --> GLD up Oil up --> CPI up --> FED keeps raising --> USD up ??? --> GLD ??? Which pressures will be stronger?

Back it up.

What a coincidence. I recently posted a model in this thread: http://elitetrader.com/vb/showthread.php?s=&threadid=68433 My model concludes that renting is generally more profitable than owning. Spreadhseet is attached. So, Kin -- let's see your contra model.

Suddenly, everybody's a comedian.

Gee, thanks, coolweb. Two more just like it later on for a 10% reversal on the day. Do me a favor and buy a few 'blocks' to get me back in black.

It tanked $1 in 1 minute at 1:02 PM EST

I like BAS. This company recently went public and is in the same industry as HAL (Oil & Gas Equipment & Services). Fundamentals look cheap and technicals look strong. Wait for the conference call on Weds. I'd worry about AIRT due to rising fuel costs. I'd worry about HRB due to Spitzer.

I deferred toward the consensus by lowering the figure from $5k to $2.5k. As I recall, you lobbied for $2k, so what's your problem? You have a hard time letting go of the past. Must be an old timer thing.

And we know you live somewhere in the Midwest where prices may be higher or lower than the median depending on whether you mean, say, Chicago or Pierre. I'm delighted to defer to the experts -- when I encounter them.

Now -- the big debate -- renting vs owning: Rent U.S. Apt. vs Buy U.S. Condo: $745,534 Rent U.S. Apt. vs Buy U.S. House: $399,046 (apples-oranges) Rent U.S. House vs Buy U.S. House: -$115,033 Rent SF Apt. vs Buy SF Condo: $1,607,761 Rent SF Apt. vs Buy SF House: $2,727,272...

Results of my revised model - First, you can't lose by buying: Buy U.S. House Profit: $299,491 Buy U.S. Condo Profit: $244,757 Buy SF House Profit: $1,208,681 Buy SF Condo Profit: $868,817 Assumptions: National median house cost: $213k (4th Qtr 2005) National median condo cost...

Time for an update. I've revised my model to [hopefully] address the criticisms posted here. The results will be posted below. Upkeep costs: I originally used $5k/yr based on an article that cited an example of a house bought in 1968 that had since required 3.7 times the original cost to...

Good technical points. Probably lost on the average citizen or prospective black marketeer. Agreed. I suspect there would still be a run every time the price of the 1st-class stamp increased.