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BACKinBLACK

Joined: 09/07/2004 Posts: 7459
Likes: 3497


I don’t know. It happened around the same time, but


Correlation does not mean causation. The housing market, the price of automobiles (even gas/diesel burners) is through the roof. Was that caused by the executive order?

I think I’m reality it looks more like the world stopped in 2020. Oil went negative so operations shut down. The lag in ability to adjust has not allowed the refineries to keep up with demand now that it came back.

Housing is another anomaly. While some houses have been destroyed by natural disasters, the number of houses and people haven’t changed dramatically. Why has the cost of housing nearly doubled with cash offers higher than asking price coming in the day of listing? It sure seems like investment, not people needing homes.

(In response to this post by 84Buff)

Posted: 06/24/2022 at 09:36AM



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Current Thread:
  I agree - no real value there - but he’s trying -- cswilliam 06/23/2022 2:03PM
  No, oil is $100/barrel. -- BACKinBLACK 06/23/2022 1:33PM
  Refining capacity limited ** -- 84Buff 06/23/2022 4:16PM
  More than in 2008,2010-2014? -- BACKinBLACK 06/23/2022 4:39PM
  No -- 84Buff 06/23/2022 4:49PM
  So, the nation suffers because the oil companies are -- buffaloaded 06/23/2022 8:12PM
  I didn't say that -- 84Buff 06/24/2022 09:00AM
  Biden's exec order -- 84Buff 06/24/2022 09:13AM
  I don’t know. It happened around the same time, but -- BACKinBLACK 06/24/2022 09:36AM
  What does it take to drill a new well? -- 84Buff 06/23/2022 5:58PM
  Thank you for explaining that. - B4E ** -- Buffs4Ever 06/23/2022 6:01PM
  So we are in the same page. -- BACKinBLACK 06/23/2022 5:09PM
  No they can't -- 84Buff 06/23/2022 5:21PM
  It seems to be a bemand/supply issue. -- Uppstate 06/23/2022 2:58PM
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