BP gusher to spew 2 billion barrels?

[Zeitgeist]

I forgot to mention there will be no one around to do the plucking off the roof this time. It will be dog eat dog and most of the infrastructure will probably collapse and the cops will be protecting their own families. The military will be busy fighting a losing war and it will take a long time to get the National Guard in gear. In other words, you are on your own. It would be a perfect time for another Red Dawn, but I figure you did not need to hear that. So fasten your seat belt, it is going to be a bumpy ride and not everyone will survive, especially those who like gadgets. The grid will be down. FYI- there is a difference between pessimism and realism and it is not just about the fullness of the glass.

[Anonymous]

Still using the worn-out “Messiah” label? How trite.

I hope the Queen comes up with some fresh ideas, or this sequel may turn out to be pretty dull.

[Anonymous]

Still using the worn-out “Messiah” label? How trite.

I hope the Queen comes up with some fresh ideas, or this sequel may turn out to be pretty dull.

[Anonymous]

Still using the worn-out “Messiah” label? How trite.

I hope the Queen comes up with some fresh ideas, or this sequel may turn out to be pretty dull.

[Anonymous]

Still using the worn-out “Messiah” label? How trite.

I hope the Queen comes up with some fresh ideas, or this sequel may turn out to be pretty dull.

[Anonymous]

Still using the worn-out “Messiah” label? How trite.

I hope the Queen comes up with some fresh ideas, or this sequel may turn out to be pretty dull.

[Arraya]

http://www.theglobeandmail.com/report-on-business/gulf-spill-plays-havoc-with-real-estate/article1612385/

The phone call was short and to the point: A buyer who had agreed to spend $500,000 (U.S.) on a beachfront home with a stunning view of the Gulf of Mexico was backing out.

The cancelled sale was a blow to real estate agent Linda Henderson, but it wasn’t a surprise. Globs of thick, pungent oil are washing up on the shores of Alabama’s Dauphin Island, and the smell on some days is enough to drive the island’s predominantly senior population back into their homes.

It’s also enough to drive real estate agents to despair. “I can tell you that things have pretty much dropped to dead,” she says. “We were on track for our best year since Katrina. This is devastating – you can say that the spill killed the real estate recovery.”

The end of the recovery is a particularly frustrating development for the Gulf Coast states of Louisiana and Mississippi, where foreclosure rates have consistently been among the lowest in the country. The region’s relatively tight mortgage rules kept a lid on home prices during the housing bubble and prevented the boom-and-bust pattern seen in many other regions of the U.S. But just as prices were stabilizing and sales were increasing, the spill has brought activity to an abrupt halt.

“What the housing recession and Great Recession couldn’t do to property values along the Gulf, this could easily accomplish,” said real estate analyst Jack McCabe of McCabe Research and Consulting in Deerfield Beach, Fla. “It’s a knockout punch, plain and simple.”

[Arraya]

http://www.theglobeandmail.com/report-on-business/gulf-spill-plays-havoc-with-real-estate/article1612385/

The phone call was short and to the point: A buyer who had agreed to spend $500,000 (U.S.) on a beachfront home with a stunning view of the Gulf of Mexico was backing out.

The cancelled sale was a blow to real estate agent Linda Henderson, but it wasn’t a surprise. Globs of thick, pungent oil are washing up on the shores of Alabama’s Dauphin Island, and the smell on some days is enough to drive the island’s predominantly senior population back into their homes.

It’s also enough to drive real estate agents to despair. “I can tell you that things have pretty much dropped to dead,” she says. “We were on track for our best year since Katrina. This is devastating – you can say that the spill killed the real estate recovery.”

The end of the recovery is a particularly frustrating development for the Gulf Coast states of Louisiana and Mississippi, where foreclosure rates have consistently been among the lowest in the country. The region’s relatively tight mortgage rules kept a lid on home prices during the housing bubble and prevented the boom-and-bust pattern seen in many other regions of the U.S. But just as prices were stabilizing and sales were increasing, the spill has brought activity to an abrupt halt.

“What the housing recession and Great Recession couldn’t do to property values along the Gulf, this could easily accomplish,” said real estate analyst Jack McCabe of McCabe Research and Consulting in Deerfield Beach, Fla. “It’s a knockout punch, plain and simple.”

[Arraya]

http://www.theglobeandmail.com/report-on-business/gulf-spill-plays-havoc-with-real-estate/article1612385/

The phone call was short and to the point: A buyer who had agreed to spend $500,000 (U.S.) on a beachfront home with a stunning view of the Gulf of Mexico was backing out.

The cancelled sale was a blow to real estate agent Linda Henderson, but it wasn’t a surprise. Globs of thick, pungent oil are washing up on the shores of Alabama’s Dauphin Island, and the smell on some days is enough to drive the island’s predominantly senior population back into their homes.

It’s also enough to drive real estate agents to despair. “I can tell you that things have pretty much dropped to dead,” she says. “We were on track for our best year since Katrina. This is devastating – you can say that the spill killed the real estate recovery.”

The end of the recovery is a particularly frustrating development for the Gulf Coast states of Louisiana and Mississippi, where foreclosure rates have consistently been among the lowest in the country. The region’s relatively tight mortgage rules kept a lid on home prices during the housing bubble and prevented the boom-and-bust pattern seen in many other regions of the U.S. But just as prices were stabilizing and sales were increasing, the spill has brought activity to an abrupt halt.

“What the housing recession and Great Recession couldn’t do to property values along the Gulf, this could easily accomplish,” said real estate analyst Jack McCabe of McCabe Research and Consulting in Deerfield Beach, Fla. “It’s a knockout punch, plain and simple.”

[Arraya]

http://www.theglobeandmail.com/report-on-business/gulf-spill-plays-havoc-with-real-estate/article1612385/

The phone call was short and to the point: A buyer who had agreed to spend $500,000 (U.S.) on a beachfront home with a stunning view of the Gulf of Mexico was backing out.

The cancelled sale was a blow to real estate agent Linda Henderson, but it wasn’t a surprise. Globs of thick, pungent oil are washing up on the shores of Alabama’s Dauphin Island, and the smell on some days is enough to drive the island’s predominantly senior population back into their homes.

It’s also enough to drive real estate agents to despair. “I can tell you that things have pretty much dropped to dead,” she says. “We were on track for our best year since Katrina. This is devastating – you can say that the spill killed the real estate recovery.”

The end of the recovery is a particularly frustrating development for the Gulf Coast states of Louisiana and Mississippi, where foreclosure rates have consistently been among the lowest in the country. The region’s relatively tight mortgage rules kept a lid on home prices during the housing bubble and prevented the boom-and-bust pattern seen in many other regions of the U.S. But just as prices were stabilizing and sales were increasing, the spill has brought activity to an abrupt halt.

“What the housing recession and Great Recession couldn’t do to property values along the Gulf, this could easily accomplish,” said real estate analyst Jack McCabe of McCabe Research and Consulting in Deerfield Beach, Fla. “It’s a knockout punch, plain and simple.”

[Arraya]

http://www.theglobeandmail.com/report-on-business/gulf-spill-plays-havoc-with-real-estate/article1612385/

The phone call was short and to the point: A buyer who had agreed to spend $500,000 (U.S.) on a beachfront home with a stunning view of the Gulf of Mexico was backing out.

The cancelled sale was a blow to real estate agent Linda Henderson, but it wasn’t a surprise. Globs of thick, pungent oil are washing up on the shores of Alabama’s Dauphin Island, and the smell on some days is enough to drive the island’s predominantly senior population back into their homes.

It’s also enough to drive real estate agents to despair. “I can tell you that things have pretty much dropped to dead,” she says. “We were on track for our best year since Katrina. This is devastating – you can say that the spill killed the real estate recovery.”

The end of the recovery is a particularly frustrating development for the Gulf Coast states of Louisiana and Mississippi, where foreclosure rates have consistently been among the lowest in the country. The region’s relatively tight mortgage rules kept a lid on home prices during the housing bubble and prevented the boom-and-bust pattern seen in many other regions of the U.S. But just as prices were stabilizing and sales were increasing, the spill has brought activity to an abrupt halt.

“What the housing recession and Great Recession couldn’t do to property values along the Gulf, this could easily accomplish,” said real estate analyst Jack McCabe of McCabe Research and Consulting in Deerfield Beach, Fla. “It’s a knockout punch, plain and simple.”

[briansd1]

[quote=Zeitgeist]I forgot to mention there will be no one around to do the plucking off the roof this time. It will be dog eat dog and most of the infrastructure will probably collapse and the cops will be protecting their own families. The military will be busy fighting a losing war and it will take a long time to get the National Guard in gear. In other words, you are on your own. It would be a perfect time for another Red Dawn, but I figure you did not need to hear that. So fasten your seat belt, it is going to be a bumpy ride and not everyone will survive, especially those who like gadgets. The grid will be down. FYI- there is a difference between pessimism and realism and it is not just about the fullness of the glass.[/quote]

So what will fix this? Drill-baby-drill, I suppose.

[briansd1]

[quote=Zeitgeist]I forgot to mention there will be no one around to do the plucking off the roof this time. It will be dog eat dog and most of the infrastructure will probably collapse and the cops will be protecting their own families. The military will be busy fighting a losing war and it will take a long time to get the National Guard in gear. In other words, you are on your own. It would be a perfect time for another Red Dawn, but I figure you did not need to hear that. So fasten your seat belt, it is going to be a bumpy ride and not everyone will survive, especially those who like gadgets. The grid will be down. FYI- there is a difference between pessimism and realism and it is not just about the fullness of the glass.[/quote]

So what will fix this? Drill-baby-drill, I suppose.

[briansd1]

[quote=Zeitgeist]I forgot to mention there will be no one around to do the plucking off the roof this time. It will be dog eat dog and most of the infrastructure will probably collapse and the cops will be protecting their own families. The military will be busy fighting a losing war and it will take a long time to get the National Guard in gear. In other words, you are on your own. It would be a perfect time for another Red Dawn, but I figure you did not need to hear that. So fasten your seat belt, it is going to be a bumpy ride and not everyone will survive, especially those who like gadgets. The grid will be down. FYI- there is a difference between pessimism and realism and it is not just about the fullness of the glass.[/quote]

So what will fix this? Drill-baby-drill, I suppose.

[briansd1]

[quote=Zeitgeist]I forgot to mention there will be no one around to do the plucking off the roof this time. It will be dog eat dog and most of the infrastructure will probably collapse and the cops will be protecting their own families. The military will be busy fighting a losing war and it will take a long time to get the National Guard in gear. In other words, you are on your own. It would be a perfect time for another Red Dawn, but I figure you did not need to hear that. So fasten your seat belt, it is going to be a bumpy ride and not everyone will survive, especially those who like gadgets. The grid will be down. FYI- there is a difference between pessimism and realism and it is not just about the fullness of the glass.[/quote]

So what will fix this? Drill-baby-drill, I suppose.

[Author]

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