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

To: ChanceIs who wrote (60398)	8/21/2006 11:44:50 PM
From: Lizzie Tudor	Read Replies (2) \| Respond to of 306849

the only thing I would caution you on is that the current state of depression over US oil reliance and the cost to our nation for oil will undergo a transition in a few years due to economically viable alternatives, I am really certain of that. Of course nobody believes this, but at least think about it. Most bearish pundits, which is pretty much everybody these days (for good reason)- thinks oil is going to rise to $100 per barrel and higher, and the US will be unable to counter the cost and either spiral out of control into inflation (due to our excess consumption) or, decline into a never ending depression. They don't state this scenario outright, but they believe it deep inside. There is nobody predicting any sort of energy independence for the USA due to inventions and new companies. I think maybe we've had so many failures with ethanol (a big scam apparently) and detroits failed ventures people are just depressed. I think thats wrong.