[sdduuuude]

I’m fascinated with natural resource economics, though certainly no expert. I took a natural resorce economics class from a terriffic teacher in grad school. So much to learn in this area.

Anyway, gregor wrote a pretty cool article a while back pointing out that if we don’t use the last of our cheap oil to build the next generation of stuff to produce power using more expensive ways , we’ll be screwed and we’ll have to revert to coal-based technology for a long time. I thought it was an interesting way to look at the problem.

Just picking a nit here … I’m not sure I like this definition, from the original post: “oil ‘crunch’ (when demand exceeds production)”

Demand is a function of price, so if demand exceeds production, the price will change, then demand will change, then demand no longer exceeds production. Does that mean the oil crunch is over? No.

Most mainstream articles avoid talking about dynamic price changes and the effect on peak oil, but you can’t really model peak oil without it.

I think “oil crunch” (i.e. “peak oil”) is where physical limitations forcibly reduce how much oil can be extracted per day. As Rich said – it is a flow issue. There are also some dynamic cost issues associated with the concept of peak oil as well. That is – as davelj said – if the price of oil increases enough to justify new extraction methods then peak oil could be delayed because production capacity would be increased. Also, any “crunch” would be mitigated as demand would come down.

I think Americans are so wasteful and spoiled on cheap oil that when crunch time comes, we’ll find it quite easy to live using less oil. That combined with the price-related dynamics of the market suggest to me that any real major oil crunch is 20 years or more down the road.

Peak oil may come sooner than that, but the nasty effects of it will come much later, if ever.

[sdduuuude]

I’m fascinated with natural resource economics, though certainly no expert. I took a natural resorce economics class from a terriffic teacher in grad school. So much to learn in this area.

Anyway, gregor wrote a pretty cool article a while back pointing out that if we don’t use the last of our cheap oil to build the next generation of stuff to produce power using more expensive ways , we’ll be screwed and we’ll have to revert to coal-based technology for a long time. I thought it was an interesting way to look at the problem.

Just picking a nit here … I’m not sure I like this definition, from the original post: “oil ‘crunch’ (when demand exceeds production)”

Demand is a function of price, so if demand exceeds production, the price will change, then demand will change, then demand no longer exceeds production. Does that mean the oil crunch is over? No.

Most mainstream articles avoid talking about dynamic price changes and the effect on peak oil, but you can’t really model peak oil without it.

I think “oil crunch” (i.e. “peak oil”) is where physical limitations forcibly reduce how much oil can be extracted per day. As Rich said – it is a flow issue. There are also some dynamic cost issues associated with the concept of peak oil as well. That is – as davelj said – if the price of oil increases enough to justify new extraction methods then peak oil could be delayed because production capacity would be increased. Also, any “crunch” would be mitigated as demand would come down.

I think Americans are so wasteful and spoiled on cheap oil that when crunch time comes, we’ll find it quite easy to live using less oil. That combined with the price-related dynamics of the market suggest to me that any real major oil crunch is 20 years or more down the road.

Peak oil may come sooner than that, but the nasty effects of it will come much later, if ever.

[sdduuuude]

I’m fascinated with natural resource economics, though certainly no expert. I took a natural resorce economics class from a terriffic teacher in grad school. So much to learn in this area.

Anyway, gregor wrote a pretty cool article a while back pointing out that if we don’t use the last of our cheap oil to build the next generation of stuff to produce power using more expensive ways , we’ll be screwed and we’ll have to revert to coal-based technology for a long time. I thought it was an interesting way to look at the problem.

Just picking a nit here … I’m not sure I like this definition, from the original post: “oil ‘crunch’ (when demand exceeds production)”

Demand is a function of price, so if demand exceeds production, the price will change, then demand will change, then demand no longer exceeds production. Does that mean the oil crunch is over? No.

Most mainstream articles avoid talking about dynamic price changes and the effect on peak oil, but you can’t really model peak oil without it.

I think “oil crunch” (i.e. “peak oil”) is where physical limitations forcibly reduce how much oil can be extracted per day. As Rich said – it is a flow issue. There are also some dynamic cost issues associated with the concept of peak oil as well. That is – as davelj said – if the price of oil increases enough to justify new extraction methods then peak oil could be delayed because production capacity would be increased. Also, any “crunch” would be mitigated as demand would come down.

I think Americans are so wasteful and spoiled on cheap oil that when crunch time comes, we’ll find it quite easy to live using less oil. That combined with the price-related dynamics of the market suggest to me that any real major oil crunch is 20 years or more down the road.

Peak oil may come sooner than that, but the nasty effects of it will come much later, if ever.

[sdduuuude]

I’m fascinated with natural resource economics, though certainly no expert. I took a natural resorce economics class from a terriffic teacher in grad school. So much to learn in this area.

Anyway, gregor wrote a pretty cool article a while back pointing out that if we don’t use the last of our cheap oil to build the next generation of stuff to produce power using more expensive ways , we’ll be screwed and we’ll have to revert to coal-based technology for a long time. I thought it was an interesting way to look at the problem.

Just picking a nit here … I’m not sure I like this definition, from the original post: “oil ‘crunch’ (when demand exceeds production)”

Demand is a function of price, so if demand exceeds production, the price will change, then demand will change, then demand no longer exceeds production. Does that mean the oil crunch is over? No.

Most mainstream articles avoid talking about dynamic price changes and the effect on peak oil, but you can’t really model peak oil without it.

I think “oil crunch” (i.e. “peak oil”) is where physical limitations forcibly reduce how much oil can be extracted per day. As Rich said – it is a flow issue. There are also some dynamic cost issues associated with the concept of peak oil as well. That is – as davelj said – if the price of oil increases enough to justify new extraction methods then peak oil could be delayed because production capacity would be increased. Also, any “crunch” would be mitigated as demand would come down.

I think Americans are so wasteful and spoiled on cheap oil that when crunch time comes, we’ll find it quite easy to live using less oil. That combined with the price-related dynamics of the market suggest to me that any real major oil crunch is 20 years or more down the road.

Peak oil may come sooner than that, but the nasty effects of it will come much later, if ever.

[sdduuuude]

Without knowing too much about it, I’d guess it isn’t really a bid. They are just trying to get your name and number so they can call you to sign you up as a client. This way, they only get people who are serious about putting in offers. Just a guess.

[sdduuuude]

Without knowing too much about it, I’d guess it isn’t really a bid. They are just trying to get your name and number so they can call you to sign you up as a client. This way, they only get people who are serious about putting in offers. Just a guess.

[sdduuuude]

Without knowing too much about it, I’d guess it isn’t really a bid. They are just trying to get your name and number so they can call you to sign you up as a client. This way, they only get people who are serious about putting in offers. Just a guess.

[sdduuuude]

Without knowing too much about it, I’d guess it isn’t really a bid. They are just trying to get your name and number so they can call you to sign you up as a client. This way, they only get people who are serious about putting in offers. Just a guess.

[sdduuuude]

Without knowing too much about it, I’d guess it isn’t really a bid. They are just trying to get your name and number so they can call you to sign you up as a client. This way, they only get people who are serious about putting in offers. Just a guess.

[sdduuuude]

twisterfilms,

It may be interesting to compare those who got caught up in the bubble to those who didn’t. Compare those who saw this coming to those who got caught up in the mood.

[sdduuuude]

twisterfilms,

It may be interesting to compare those who got caught up in the bubble to those who didn’t. Compare those who saw this coming to those who got caught up in the mood.

[sdduuuude]

twisterfilms,

It may be interesting to compare those who got caught up in the bubble to those who didn’t. Compare those who saw this coming to those who got caught up in the mood.

[sdduuuude]

twisterfilms,

It may be interesting to compare those who got caught up in the bubble to those who didn’t. Compare those who saw this coming to those who got caught up in the mood.

[sdduuuude]

twisterfilms,

It may be interesting to compare those who got caught up in the bubble to those who didn’t. Compare those who saw this coming to those who got caught up in the mood.

[sdduuuude]

It isn’t extortion, but like the earlier poster said, it is a bit of poker because if you walk away and foreclosure happens, the second lender is screwed. Possible to ask the first lender to pitch in, or start over and submit a new offer that specifically says the first lender must pay the second lender from the purchase price. Your strategy will depend on how much “action” there is on the property, too.

Also, don’t be afraid to ask all realtors to pitch in some of their commission to make the transaction happen.

But, before asking for concessions from the first lender and realtors, make sure everyone believes you can and will walk away.

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