One thing I heard peripherally related is that unemployment in Houston and other big Texas cities is still 3-4%, despite the oil price decline.
I mean in spite of it. That's still a very low rate.
Right they're not counted if they're no longer "looking" for a new job.
It hasn't gotten that bleak that people have stopped looking for jobs has it?
Hmm, so does it feel like things have slowed down in Houston?
No, we have lots of lawn work this time of year.
Are the restaurants and the malls still full?
I don't go to malls, but Denny's was full this morning.
Traffic still as bad?
Not as bad as L.A. or Chicago, but still bad as the lawn guys are pulling trailers in the fast lanes. We have lots of water too.
Real estate still in demand or have prices leveled off?
The only homes I see that have dropped in price lately are the ones that were flooded twice in the last 30 days. Apartment rents are on the rise and RVs are moving well.
If SDLP goes back down under $5, i'm buying. Of course if I buy then it's guaranteed to plummet.
Oil back below 40, bear market again....22% off previous high
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US and EU are growing, and the global growth rate has picked up lately and is at it's highest level for the past 3 years.There is no normal growth in US, Japan, EU and England (like pre recession state). China growth is still envy of all of the above but their GDP growth also is slowing. That was affect oil demand a lot.
If you consider 1% growth normal (by the way it could be easily manipulated by inflation number), then energy demand should be at least stable.US and EU are growing, and the global growth rate has picked up lately and is at it's highest level for the past 3 years.
Free oil!
Read today cheasapeake is giving away the whole barnett shale in texas portfolio for free to anyone who will take it to lower their costs.
Wow.
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Free oil!
Read today cheasapeake is giving away the whole barnett shale in texas portfolio for free to anyone who will take it to lower their costs.
Wow.
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I sure was wrong about oil. I thought surely things would be normal after three years. Maybe this is the new normal.
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