Comments on: Why are Oil Prices so High? An Energy Primer http://truecostblog.com/2008/03/12/why-are-oil-prices-so-high-an-energy-primer/ True Cost attempts to dissect current affairs through the lens of cost-benefit analysis Mon, 06 Feb 2012 05:08:06 +0000 hourly 1 http://wordpress.com/ By: huntert545 http://truecostblog.com/2008/03/12/why-are-oil-prices-so-high-an-energy-primer/#comment-1331 Wed, 16 Mar 2011 01:38:39 +0000 http://truecost.wordpress.com/?p=72#comment-1331 Interesting article. One of the things I have been concerned with is the strain that oil will put on the economic ”recovery.” Even though these one off situations like Egypt, Saudi Arabia, and Japan will have a short-term effect, the long-term trend is what I am most concerned about. What is interesting is that in several areas that have been hit hardest the following circumstances are all happening at once.
In most of these areas (Phoenix, Las Vegas, Inland Empire) , housing prices have crashed, leading to underwater houses and eventually foreclosures. Unemployment has skyrocketed in these areas as well. Now that prices have fallen so far and inventory appears to some to be ripe for the picking, investors are purchasing properties for to rent for cash flow. However, as oil picks up, it is becoming clear that many of these desert communities are not sustainable as they rely on cheap oil as many of the cheapest surrounding areas are commuter communities. The uncertainty is tremendous in these markets, yet many investors are jumping in and gobbling up properties.

http://www.thecashflowisking.com

]]> By: MostMPG » Blog Archive » Why Are Gas Prices So High? The Third Oil Shock http://truecostblog.com/2008/03/12/why-are-oil-prices-so-high-an-energy-primer/#comment-158 Mon, 07 Jul 2008 16:41:04 +0000 http://truecost.wordpress.com/?p=72#comment-158 [...] excellent article titled: Why Are Oil And Gas Prices So High does a very nice job of explaining the drivers behind rising oil prices. When you combine the fact [...]

]]> By: Obama & McCain: Here’s a real way to reduce gas prices! « True Cost - in policy, economy, and society http://truecostblog.com/2008/03/12/why-are-oil-prices-so-high-an-energy-primer/#comment-144 Fri, 06 Jun 2008 18:58:00 +0000 http://truecost.wordpress.com/?p=72#comment-144 [...] their steady march, breaking through $135/barrel (which implies gas around 4.25) and climbing. As noted previously on this blog, the fundamentals driving oil prices higher are steady growth in global demand for oil combined [...]

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