Saudi Arabia to lower oil prices, the houston boom is over

Oil will be around for polymers the longest.. but fuels are easily disrupted now

 

great...now this thread is going to become another bitcoin thread...

 

Don't hate us cuz you anus

 

They should produce cars without using petroleum then.

 

I think with Iran oil coming into the market, I think Houston is in trouble. If you want to buy a house wait a few months.

 

Burn.

They should also make a model that is actually affordable for the masses.

 

http://mobile.extremetech.com/latest/223149-tesla-targets-march-2016-for-$35k-tesla-model-3-unveiling?origref=

I'll be back to this thread when that happens

They have open sourced their tech.. patents are free to be used by any car co.

So oil ppl can say "oh well this isn't quite there yet in parameters x y or z" and you may be right for the time being but transformative tech that changes an age old paradigm just won't go away. It only gets better bc it offers increased utility to those that adopt it

 

Just curious - how do they produce the electricity to charge electric cars?

 

Coal, nat gas, wind, solar, geothermal (wind and solar becoming more viable due to exponentially dropping li ion batteries)

Not oil

 

I can't wait for this stupid bubble to pop. $400k for a house in the loop? Bananas! Sell your 3 story house while you can yuppies!

 

When do you ideally think I should start looking for houses?

 

Probably in a year or so. There will be a lag effect of people losing their jobs and then deciding to move out of Houston.

Last time I was in town, I drove around somewhat close to the Energy Corridor area (Wilcrest/I-10) and saw all this new apartment construction. I have no idea who is going into move in all those new units, especially since starting rents for those are north of 1500 USD per month.

 

im not sure if you are living up to your username in this post. good info though

 

And Tesla only wants their plants powered by solar or wind.

 

Woes in production mean cheers in chemicals, midstream is good on volume. Infrastructure is still expanding too.

It ain't the end of the world for Houston.

 

Nope. The bust does help some.

 

We've been adding 1 million per decade since 1990, that's over 100K per month regardless of boom or bust or economy. Rents and housing will undergo a correction, however, we are undergoing an institutional boom. Those apartments won't go empty for too long.

 

All I got to say is I went short gasoline futures today.

 

They're coming out with a $35k model.

Burn.

 

does opening the markets to iranian oil also open the oil fields to foreign companies or is the market completely government controlled over there?