Updates
March 16, 2012: Talking head on CNBC says if diplomatic deal with Iran reached, oil will fall $15. I assume he is talking about WTI which would take oil at its present $105 to $90. The sanctions are due to go into effect July 1, 2012, near the height of US driving season. I don't see the $15 premium for the Iran risk. I think the "Iran risk" has been baked in, and we are seeing other reasons for $105 oil and trending up. At the moment, 12:45 p.m. March 16, 2012, oil is up $1.25 when it appears this has caught folks by surprise.
Original Post
Do you think events in the Mideast will push price of oil to new highs within the next six months?
My understanding is that the Iranian sanctions/embargo become effective July 1, 2012, at which time we may see how the poll results anticipated actual events. Until then, here are the results (numbers rounded):
45% -- Yes, Iran is foolish enough to close the straitNew poll:
35% -- No, Iran will try something but won't amount to much
20% -- No, Iran won't dare tangle with the US, EU, and/or NATO
Recently the Williams County commission banned all new man-camps indefinitely. Since the boom began, the county has approved around 10,000 man-camp beds; somewhere between 8 and 12 new motels/hotels have gone up in Williams County (most in Williston); and countless housing developments have been started/completed.Has housing in Williams County finally caught up with the needs of the oil patch?
- Yes, we are close to overbuilding
- Yes, but just barely
- No, but we are getting close
- No, we still need much more
Anyone up for a recall election, with mancampers voting for a new 100% mancamper county commission?
ReplyDelete(At the moment they are not represented in elective government.)
anon 1
I honestly thought most would say "we're close" but am surprised to see "desperately need more housing" overwhelmingly checked off.
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