Bill James

Oil, Housing and the Dollar

Housing will get much worse as by mid-2009 as unemployment grows unless we fundamentally deal with Peak Oil issues. World Oil Exports (amount of oil that can be purchased) peaked in 2005 at 46.4 million barrels per day. The deficit since has grown to 3 times the size of the 1973 Oil Embargo deficit.

We are still staged for oil supply shocks, seekingalpha.com/artic...

Re-tooling transportation is necessary seekingalpha.com/artic...