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equalizer
ParticipantLet me clear this this up.
1) Canada is great country, nothing like the middle east dictatorships. Most people are unaware that Canada is #1 oil exporter to USA. Canada and Mexico are not part of OPEC but charge same price. The joke was where’s are NAFTA discount?
2) Venezuela is major oil exporter, but aging infrastructure and nationalization (another word for basic theft) of oil fields, companies has reduced their global output. The current standoff in Venezuela means that oil companies need to wait for reform in that country to think about investing there.
3) Iraq situation is improving, their oil output is increasing. Whatever mistakes were made there, the light crude there is very important for autos worldwide. Oil companies will invest more there, output will go up and prices down.
4) The Gore/Dixie comment was poor attempt to note that dems drive big SUVs too and need oil as well. Repubs also drive hybrids, but because of shame, you wont see dem stickers on SUVs or Rebup sticker on hybrids. Perception is that Volvo drivers are liberal, but Volvos don’t get great mileage.
5) My prediction is that oil prices have peaked for this year, but we need to reduce our demand for long term.
ParticipantLet me clear this this up.
1) Canada is great country, nothing like the middle east dictatorships. Most people are unaware that Canada is #1 oil exporter to USA. Canada and Mexico are not part of OPEC but charge same price. The joke was where’s are NAFTA discount?
2) Venezuela is major oil exporter, but aging infrastructure and nationalization (another word for basic theft) of oil fields, companies has reduced their global output. The current standoff in Venezuela means that oil companies need to wait for reform in that country to think about investing there.
3) Iraq situation is improving, their oil output is increasing. Whatever mistakes were made there, the light crude there is very important for autos worldwide. Oil companies will invest more there, output will go up and prices down.
4) The Gore/Dixie comment was poor attempt to note that dems drive big SUVs too and need oil as well. Repubs also drive hybrids, but because of shame, you wont see dem stickers on SUVs or Rebup sticker on hybrids. Perception is that Volvo drivers are liberal, but Volvos don’t get great mileage.
5) My prediction is that oil prices have peaked for this year, but we need to reduce our demand for long term.
ParticipantLet me clear this this up.
1) Canada is great country, nothing like the middle east dictatorships. Most people are unaware that Canada is #1 oil exporter to USA. Canada and Mexico are not part of OPEC but charge same price. The joke was where’s are NAFTA discount?
2) Venezuela is major oil exporter, but aging infrastructure and nationalization (another word for basic theft) of oil fields, companies has reduced their global output. The current standoff in Venezuela means that oil companies need to wait for reform in that country to think about investing there.
3) Iraq situation is improving, their oil output is increasing. Whatever mistakes were made there, the light crude there is very important for autos worldwide. Oil companies will invest more there, output will go up and prices down.
4) The Gore/Dixie comment was poor attempt to note that dems drive big SUVs too and need oil as well. Repubs also drive hybrids, but because of shame, you wont see dem stickers on SUVs or Rebup sticker on hybrids. Perception is that Volvo drivers are liberal, but Volvos don’t get great mileage.
5) My prediction is that oil prices have peaked for this year, but we need to reduce our demand for long term.
ParticipantLet me clear this this up.
1) Canada is great country, nothing like the middle east dictatorships. Most people are unaware that Canada is #1 oil exporter to USA. Canada and Mexico are not part of OPEC but charge same price. The joke was where’s are NAFTA discount?
2) Venezuela is major oil exporter, but aging infrastructure and nationalization (another word for basic theft) of oil fields, companies has reduced their global output. The current standoff in Venezuela means that oil companies need to wait for reform in that country to think about investing there.
3) Iraq situation is improving, their oil output is increasing. Whatever mistakes were made there, the light crude there is very important for autos worldwide. Oil companies will invest more there, output will go up and prices down.
4) The Gore/Dixie comment was poor attempt to note that dems drive big SUVs too and need oil as well. Repubs also drive hybrids, but because of shame, you wont see dem stickers on SUVs or Rebup sticker on hybrids. Perception is that Volvo drivers are liberal, but Volvos don’t get great mileage.
5) My prediction is that oil prices have peaked for this year, but we need to reduce our demand for long term.
ParticipantLet me clear this this up.
1) Canada is great country, nothing like the middle east dictatorships. Most people are unaware that Canada is #1 oil exporter to USA. Canada and Mexico are not part of OPEC but charge same price. The joke was where’s are NAFTA discount?
2) Venezuela is major oil exporter, but aging infrastructure and nationalization (another word for basic theft) of oil fields, companies has reduced their global output. The current standoff in Venezuela means that oil companies need to wait for reform in that country to think about investing there.
3) Iraq situation is improving, their oil output is increasing. Whatever mistakes were made there, the light crude there is very important for autos worldwide. Oil companies will invest more there, output will go up and prices down.
4) The Gore/Dixie comment was poor attempt to note that dems drive big SUVs too and need oil as well. Repubs also drive hybrids, but because of shame, you wont see dem stickers on SUVs or Rebup sticker on hybrids. Perception is that Volvo drivers are liberal, but Volvos don’t get great mileage.
5) My prediction is that oil prices have peaked for this year, but we need to reduce our demand for long term.
ParticipantSome of these investors like Trump are pretty darn smart. There have to be schemes to avoid tax problems. What about moving into 2nd home and then filing for foreclosures, claiming owner occupied?
Why would Bank not report loss to IRS on corporate taxes? There are two sets of book, the banks books and investor’s 1099 that banks dont have to send. Unless IRS can match the corporate loss with 1099 that was not mailed, I am very skeptical that anyone is going to get into trouble.
ParticipantSome of these investors like Trump are pretty darn smart. There have to be schemes to avoid tax problems. What about moving into 2nd home and then filing for foreclosures, claiming owner occupied?
Why would Bank not report loss to IRS on corporate taxes? There are two sets of book, the banks books and investor’s 1099 that banks dont have to send. Unless IRS can match the corporate loss with 1099 that was not mailed, I am very skeptical that anyone is going to get into trouble.
ParticipantSome of these investors like Trump are pretty darn smart. There have to be schemes to avoid tax problems. What about moving into 2nd home and then filing for foreclosures, claiming owner occupied?
Why would Bank not report loss to IRS on corporate taxes? There are two sets of book, the banks books and investor’s 1099 that banks dont have to send. Unless IRS can match the corporate loss with 1099 that was not mailed, I am very skeptical that anyone is going to get into trouble.
ParticipantSome of these investors like Trump are pretty darn smart. There have to be schemes to avoid tax problems. What about moving into 2nd home and then filing for foreclosures, claiming owner occupied?
Why would Bank not report loss to IRS on corporate taxes? There are two sets of book, the banks books and investor’s 1099 that banks dont have to send. Unless IRS can match the corporate loss with 1099 that was not mailed, I am very skeptical that anyone is going to get into trouble.
ParticipantSome of these investors like Trump are pretty darn smart. There have to be schemes to avoid tax problems. What about moving into 2nd home and then filing for foreclosures, claiming owner occupied?
Why would Bank not report loss to IRS on corporate taxes? There are two sets of book, the banks books and investor’s 1099 that banks dont have to send. Unless IRS can match the corporate loss with 1099 that was not mailed, I am very skeptical that anyone is going to get into trouble.
ParticipantI have doubts single family homes in CV will fall more than 10-15%. Compare them to condos in downtown that are still in a huge bubble. I know it is a cliche, but for rich foriegners paying a $1M for beautiful home in paradise is a bargain when they are used to living in a 2 bedroom flat. Just how many can make it over here is the big question. CV is very desirable area and we had an old thread that stated that 10% of San Diego households are millionaires, excluding homes. At least 2% of the jobs in the area are very high paying, many families are dual professional incomes, many people have cashed out and waiting to buy in CV. Unless we have big recession and people dump cell phones and other gadgets, why would anything change?
ParticipantI have doubts single family homes in CV will fall more than 10-15%. Compare them to condos in downtown that are still in a huge bubble. I know it is a cliche, but for rich foriegners paying a $1M for beautiful home in paradise is a bargain when they are used to living in a 2 bedroom flat. Just how many can make it over here is the big question. CV is very desirable area and we had an old thread that stated that 10% of San Diego households are millionaires, excluding homes. At least 2% of the jobs in the area are very high paying, many families are dual professional incomes, many people have cashed out and waiting to buy in CV. Unless we have big recession and people dump cell phones and other gadgets, why would anything change?
ParticipantI have doubts single family homes in CV will fall more than 10-15%. Compare them to condos in downtown that are still in a huge bubble. I know it is a cliche, but for rich foriegners paying a $1M for beautiful home in paradise is a bargain when they are used to living in a 2 bedroom flat. Just how many can make it over here is the big question. CV is very desirable area and we had an old thread that stated that 10% of San Diego households are millionaires, excluding homes. At least 2% of the jobs in the area are very high paying, many families are dual professional incomes, many people have cashed out and waiting to buy in CV. Unless we have big recession and people dump cell phones and other gadgets, why would anything change?
ParticipantI have doubts single family homes in CV will fall more than 10-15%. Compare them to condos in downtown that are still in a huge bubble. I know it is a cliche, but for rich foriegners paying a $1M for beautiful home in paradise is a bargain when they are used to living in a 2 bedroom flat. Just how many can make it over here is the big question. CV is very desirable area and we had an old thread that stated that 10% of San Diego households are millionaires, excluding homes. At least 2% of the jobs in the area are very high paying, many families are dual professional incomes, many people have cashed out and waiting to buy in CV. Unless we have big recession and people dump cell phones and other gadgets, why would anything change?
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