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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (28306)	3/17/2005 9:18:34 PM
From: Elroy Jetson	Read Replies (3) \| Respond to of 306849

If oil executives are wrong in believing oil prices will collapse during the next recession, oil prices will only become that much higher since exploration and production has not been much increased as oil prices have risen. But that was not the question. The question asked was why areas like Houston are not experiencing the same real estate bubble they experienced during the last oil price run-up. Since oil executives believe what they do, spending and hiring by oil companies has not been greatly influenced by higher oil prices. Thus the run-up in oil prices has not pushed up real estate prices, in areas like Houston, where oil is a significant part of the economy. .