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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Elroy Jetson who wrote (78857)5/7/2008 6:26:48 PM
From: benwood  Read Replies (1) of 116555
 
But most people only have *one* home.

A better comparison would be a condo builder with 1000s for sale. Would that builder sell faster as prices escalated dramatically?

Depends on what they think will happen in the future, of course. I'd wager that *ALL* of them wish they'd sold faster at this point. IN the case of most, they were limited by their ability to finish projects. With oil companies, they are likely near capacity already, so increasing production isn't necessarily option.

I think at this point, an Enron-type fleecing is now ripe for the pickin' and that oil companies will be gouging consumers royally in the next few months due to shortages and panic largely created by the oil companies themselves. I don't think it will take much thought at this point. They've already laid the groundwork -- no new refineries in decades; elimination of competition in most major markets; installation of a favorable gov't that condones reaming consumers with impunity.
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