100 Dollar A Barrell of Oil

By
Real Estate Agent with Frank Rubi Real Estate
Have you noticed the recent sharp spike in oil prices.  If not take a look.  This impacts everything we do.  From having affordable houses to food.  I know peoples salaries haven't kept pace with these increases over the past couple of years.  We may get lower interest rates this week, but this could be more than offset by gas prices and peoples expectations for the future.  Where this will end, I don't know.
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Rainer
2,774
Pete Tsakiris
Countrywide Home Loans a Division of Countrywide Bank, FSB - Saint Charles, IL

John, I used to have a V8!

Oct 30, 2007 05:32 AM #1
Rainer
31,469
Keith Stoller
Keith Stoller Tax & Business Solutions - Bakersfield, CA

The pricing is a crock.  I think I'll sink a well in my back yard at this rate.  It will only end when we get serious about alternatives as a nation.  Check this site out.  I'll be using it on a blog entry a little later, but this is cool.  Very mid-life crisis....

http://www.teslamotors.com/

Oct 30, 2007 05:40 AM #2
Rainer
118,799
» Bill Burress Nationwide Mortgage Originator
» Bill Burress Nationwide Mortgage Originator - Fort Myers, FL

John:

Watch the mortgage rates go up when the Fed's cut the Fed Funds Rate.

Oct 30, 2007 05:44 AM #3
Ambassador
938,246
Frank Rubi
Frank Rubi Real Estate, LLC - Metairie, LA
FrankRubiRealEstate.com
John, even the doctors who are not aware of oil price per barrel may become more aware. As you know we have enough oil here off the coast of LA. If they would only let us drill more. Let the beautiful people pay $10 a gallon. I say drill more.
Oct 30, 2007 07:06 AM #4
Rainer
118,799
» Bill Burress Nationwide Mortgage Originator
» Bill Burress Nationwide Mortgage Originator - Fort Myers, FL

John:

My sister was whining about he price of gas a couple of years ago.  I suggested she go and buy some oil stocks.  That way when gas prices go up, she didn't feel bad about it.  Her oil stocks are doing quite well now.

Nov 01, 2007 11:28 AM #5
Rainer
62,295
Alix Pinzon
Open Mortgage, LLC NMLS # 2975 - Downey, CA
(562)743-6086

It was only a couple of weeks ago that Brazil reported that they'd discovered an off shore oil field that rivaled that of Saudi Arabia's, why hasn't that brought oil prices down?  Millions more people are conserving more electricity lately, why hasn't that brought oil prices down?  Millions more people are driving hybrids, or other alternative fuel vehicles lately, why hasn't that brought oil prices down?  If the news reports are correct, it's because the Chinese and Indian economies are growing so quickly, that they're using more oil.  Unlike the Germans, another huge importer to the U.S., who are doing more than most to lower their use of the black muck.  That should send a loud message to the U.S. consumers, those who have a conscience, stop buying Chinese, and Indian made products.  Let's start demanding to know more about the companies that make our products.  Work conditions, and emission output!  This is the information age people, but you have to put your money where your mouth is.  P.S. Boycott Texas made products too, how else will we get Bush back for raping our country? 

Nov 23, 2007 05:42 PM #6
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John Walters

Licensed in Louisiana
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