Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 09-10-2007, 12:41 AM   #41
Recycles dryer sheets
 
Join Date: Jun 2007
Posts: 316
Quote:
Originally Posted by haha View Post
Let me see if I understand. You are saying that the entire world's oil demand could be satisfied by the oilsands in Canada?

Could you present some documentation for this?

Ha
Canada Oil Sands Most folks who live here roll their eyes when we hear the fear mongers in the media saying that oil is scarce. American and international companies are building mega projects worth billions everywhere you look. It's almost surreal. We just haven't got enough people to fill all of the jobs. Lots of $100k per yr jobs if you have a trade and want to live and work in an area that you probably wouldn't care to visit, and lots of recruiters looking for workers all over the world, but ya gotta find a place to live and there's nothing cheap here. Once these obstacles are cleared, technology improves, and pipelines are in place, you can count on many happy years of gas gobbling SUV's clogging your highways.

I shouldn't complain, as it is the reason that myself and many of my friends are young and FI. Still, I can attest to the environmental and societal filth that this industry can cause. I want to leave here now, but will wait until kids are done school.
__________________

__________________
Grizz is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 09-10-2007, 01:03 AM   #42
Dryer sheet aficionado
 
Join Date: Aug 2007
Location: san francisco
Posts: 46
Here's a cool bubble that you may not have heard about: domaining. Let me explain. Generic internet domain names (i.e. seniors.com, creditcheck.com, bald.com, etc.) have sold for REALLY big money in the past year ($3 mil, $1.8 mil, and $400,000 respectively). I'm not sure if or when this bubble will burst, but it's fun to follow!
__________________

__________________
afteriretire.com
CourtneyC is offline   Reply With Quote
Old 09-10-2007, 01:27 AM   #43
Thinks s/he gets paid by the post
twaddle's Avatar
 
Join Date: Jun 2006
Posts: 1,378
Quote:
Originally Posted by CourtneyC View Post
Here's a cool bubble that you may not have heard about: domaining. Let me explain. Generic internet domain names (i.e. seniors.com, creditcheck.com, bald.com, etc.) have sold for REALLY big money in the past year ($3 mil, $1.8 mil, and $400,000 respectively). I'm not sure if or when this bubble will burst, but it's fun to follow!
Those numbers are hard to believe. It'd be nice to see some independent confirmation.
__________________
twaddle is offline   Reply With Quote
Old 09-10-2007, 02:38 AM   #44
Thinks s/he gets paid by the post
 
Join Date: Jul 2005
Location: Los Angeles area
Posts: 1,432
Wikipedia's estimates of tar sands and oil shales -

World deposits of oil shale are estimated to equal 2.9–3.3 trillion barrels of recoverable
oil, 1.5–2.6 trillion barrels of which are in the United States

Oil shale - Wikipedia, the free encyclopedia

Tar sands may represent as much as 2/3 of the world's total petroleum resource, with at least
1.7 trillion barrels in the Canadian Athabasca Oil Sands and perhaps 1.8 trillion barrels in
the Venezuelan Orinoco tar sands

Tar sands - Wikipedia, the free encyclopedia
__________________
learn, work, save, invest, fire
CyclingInvestor is offline   Reply With Quote
Old 09-10-2007, 09:20 AM   #45
Administrator
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 38,905
OK, on the topic of what the next bubble will be...

I will retire in a couple of years in a paid off house, with everything I need. The absolute worst case would be if food prices skyrocketed.

I could grow veggies, but this city gal isn't about to raise cattle or chickens in her spare time.

Based on absolutely nothing other than the specter of bad luck, my prediction is that the next bubble will be in food prices.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities.

- - H. Melville, 1851
W2R is offline   Reply With Quote
Old 09-10-2007, 10:05 AM   #46
Recycles dryer sheets
 
Join Date: Jun 2007
Posts: 316
Quote:
Originally Posted by CyclingInvestor View Post
Wikipedia's estimates of tar sands and oil shales -

World deposits of oil shale are estimated to equal 2.9–3.3 trillion barrels of recoverable
oil, 1.5–2.6 trillion barrels of which are in the United States

Oil shale - Wikipedia, the free encyclopedia

Tar sands may represent as much as 2/3 of the world's total petroleum resource, with at least
1.7 trillion barrels in the Canadian Athabasca Oil Sands and perhaps 1.8 trillion barrels in
the Venezuelan Orinoco tar sands

Tar sands - Wikipedia, the free encyclopedia
OK, so it's official? There's more than enough oil, it's just not of the Jed Clampett variety.
__________________
Grizz is offline   Reply With Quote
Old 09-10-2007, 10:20 AM   #47
Recycles dryer sheets
 
Join Date: Jun 2007
Posts: 316
Quote:
Originally Posted by twaddle View Post
Those numbers are hard to believe. It'd be nice to see some independent confirmation.
I remember a story several years ago about the PGA wanting to use pga.com, but the Potato Growers of America had it already. Not sure how it all played out.
__________________
Grizz is offline   Reply With Quote
Old 09-19-2007, 10:27 PM   #48
Full time employment: Posting here.
Retire Soon's Avatar
 
Join Date: Nov 2005
Posts: 655
Many market pundits believe the next bubble will be emerging markets because of the fed rate cut according to a Wall Street Journal article:

Free Article - WSJ.com
__________________
Retire Soon is offline   Reply With Quote
Old 09-19-2007, 11:27 PM   #49
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
youbet's Avatar
 
Join Date: Mar 2005
Location: Chicago
Posts: 9,965
Quote:
Originally Posted by Want2retire View Post
OK, on the topic of what the next bubble will be...

I will retire in a couple of years in a paid off house, with everything I need. The absolute worst case would be if food prices skyrocketed.

I could grow veggies, but this city gal isn't about to raise cattle or chickens in her spare time.

Based on absolutely nothing other than the specter of bad luck, my prediction is that the next bubble will be in food prices.
I tend to agree with you. Not sure that it will be the next bubble, but in the not so distant future...... Another doubling of the earth's population, some minor climate changes decreasing productivity in the USA bread basket, food transportation costs skyrocketing......

It's coming. It's just a matter of exactly when.
__________________
"I wasn't born blue blood. I was born blue-collar." John Wort Hannam
youbet is offline   Reply With Quote
Old 09-20-2007, 03:55 AM   #50
Thinks s/he gets paid by the post
DblDoc's Avatar
 
Join Date: Aug 2007
Posts: 1,224
Quote:
Originally Posted by Want2retire View Post
OK, on the topic of what the next bubble will be...

I will retire in a couple of years in a paid off house, with everything I need. The absolute worst case would be if food prices skyrocketed.

I could grow veggies, but this city gal isn't about to raise cattle or chickens in her spare time.

Based on absolutely nothing other than the specter of bad luck, my prediction is that the next bubble will be in food prices.
Not an unreasonable prediction - especially if the ag community buys into the ethanol for fuel solution GWB is supporting. Just look at what it has done this year alone in terms of decreased acreage in non-corn crops and the resulting rising costs of those commodities.

DD
__________________
DblDoc is offline   Reply With Quote
Old 09-20-2007, 07:28 AM   #51
Thinks s/he gets paid by the post
greg's Avatar
 
Join Date: Jun 2005
Posts: 1,071
Tulip mania - Wikipedia, the free encyclopedia

There are, as ha said, natural market forces at work (supply & demand) in the market place, and then there are bigger problems. My guess is that most largish and real bubbles are created from an exuberance or rapture of debt--too much money in imprudent (or overly greedy?) hands. Our current housing bubble was created when the desire for more money and stuff were combined with mortgage brokers with the money to buy those things we desired at 'very good' (unnatural?) rates. Dotcom bubble? Lots of banker money floating around fast and loose during those times, lots of money given to Enron on the observation of a 'nice' song and dance related to making money in new ways. Oh, the rapture. Oh, the debt that remains afterward. My guess, look for the debt formation that precedes bubbles.

Our forefathers didn't like bankers after certain periods of exuberance for a reason--is my guess. Prudent behavior is good?
__________________
Compounding: Never forget! Never not remember!
greg is offline   Reply With Quote
food bubble?
Old 09-20-2007, 07:45 AM   #52
Full time employment: Posting here.
tightasadrum's Avatar
 
Join Date: Aug 2006
Location: athens
Posts: 802
food bubble?

Quote:
Originally Posted by Want2retire View Post

Based on absolutely nothing other than the specter of bad luck, my prediction is that the next bubble will be in food prices.
I don't think a food "bubble" is in the cards, but food costs, like anything else, will follow the supply/demand laws of economics. I remember people grumbling about the cost of food ever since I was following my mother around the grocery store. Remember when a loaf of bread hit $1.00? It was on the nightly news for heavens sake.

So inflation in food ahead? Absolutely, but not a bubble. People have ways to produce food even if it means they plow up their front yard and plant beans and potatoes. Irrational speculation of a commodity defines a bubble.

One can hedge against this by investing in commodity futures. I have.
__________________
Can't you see yourself in the nursing home saying, " Darn! Wish I'd spent more time at the office instead of wasting time with family and friends."
tightasadrum is offline   Reply With Quote
Old 09-21-2007, 06:27 AM   #53
Full time employment: Posting here.
TargaDave's Avatar
 
Join Date: Jul 2005
Posts: 588
My bubble prediction is primarily in greenback printing from the Fed. Heck, more like an ongoing observation rather than prediction. Maybe not a bubble but in many ways even worse; a continual nasty leak. Nothing like minimizing future obligations (medicare, SS) with cheaper greenbacks and priming voters for elections at the same time
__________________
TargaDave is offline   Reply With Quote
Old 09-21-2007, 08:01 AM   #54
Recycles dryer sheets
Robert the Red's Avatar
 
Join Date: Aug 2005
Posts: 325
Quote:
Originally Posted by TargaDave View Post
Nothing like minimizing future obligations (medicare, SS) with cheaper greenbacks and priming voters for elections at the same time
Medicare and SS are not financial obligations denominated in current dollars. Medicare is a service obligation, and SS has a built-in inflation protection. So cheapening the dollar doesn't help with these. What it does help with is the debt we've run up, which is in current dollars. Of course, that just is a temporary fix, since future debt would end up being at a higher interest rate. Unless we stop running such huge deficits .
__________________
Robert the Red is offline   Reply With Quote
Old 10-01-2007, 10:18 AM   #55
Thinks s/he gets paid by the post
happy2bretired's Avatar
 
Join Date: Mar 2007
Location: Nebraska
Posts: 1,340
An article in this morning's newspaper stated that student loans may be the next real estate bubble. Sounds like many students are taking out very high interest loans from private lenders, such as Wells Fargo, etc. Some of these loans equate to mortage payments. Defaults will follow as students enter the workforce at lower than expected salaries and as their parents enter retirement, not being able to help them out. Interesing....
__________________
happy2bretired is offline   Reply With Quote
Old 01-23-2008, 10:38 AM   #56
Recycles dryer sheets
 
Join Date: Oct 2005
Posts: 325
Quote:
Originally Posted by CourtneyC View Post
Here's a cool bubble that you may not have heard about: domaining. Let me explain. Generic internet domain names (i.e. seniors.com, creditcheck.com, bald.com, etc.) have sold for REALLY big money in the past year ($3 mil, $1.8 mil, and $400,000 respectively). I'm not sure if or when this bubble will burst, but it's fun to follow!
I have friends that play in this world and can confirm that their is a definite bubble in internet domains.

Now is a good time to be selling any good ones you have laying around.
__________________
CybrMike is offline   Reply With Quote
Old 01-24-2008, 03:26 AM   #57
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
clifp's Avatar
 
Join Date: Oct 2006
Posts: 7,450
Back in 1994 I could have registered PC.com. I was a good boy, and registered it for Intel instead...
__________________
clifp is offline   Reply With Quote
Old 02-01-2008, 11:46 PM   #58
Full time employment: Posting here.
 
Join Date: Jan 2008
Posts: 798
If you are looking for a bubble to end, check out the "inverse" of tyx. 27 years in one direction. Isn't that looking like a bubble about to burst?
__________________
RockOn is offline   Reply With Quote
Old 02-02-2008, 06:00 AM   #59
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Feb 2007
Posts: 5,072
Not sure if it will be the next bubble or some future one. I am not sure exactly of the specific area.

But there will be gold rush fever around boomers' retirement. That wave of people and money will draw the crowd. There will be a few investment type bubbles develop.

These bubbles seem to happen due to the next new/big thing or the scarcity of something. Energy and Health care seem to be a couple of areas where certain break throughs are needed.
__________________

__________________
chinaco is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
You know you're in a bubble when.... wabmester FIRE and Money 99 09-14-2007 09:52 AM
Mr Housing Bubble brewer12345 Other topics 69 08-31-2007 12:47 PM
Another RE Bubble REWahoo FIRE and Money 23 09-18-2005 09:07 PM
Why Did I Buy That Dry Bubble Gum? JPatrick FIRE and Money 25 08-17-2005 07:38 PM
No Bubble for the DOW retire@40 FIRE and Money 16 06-04-2005 11:29 AM

 

 
All times are GMT -6. The time now is 03:32 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.