Sunday, March 4, 2012

Poll Results: Will Iran/Mideast Push Price of Oil To New Highs -- New Poll: Housing in Williams County

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 

This poll has been out there for quite some time now; thank you to all who participated:
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 strait
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
New poll:
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



Goodnight Moon, Shivaree, From Kill Bill 2

    2 comments:

    1. Anyone up for a recall election, with mancampers voting for a new 100% mancamper county commission?

      (At the moment they are not represented in elective government.)

      anon 1

      ReplyDelete
      Replies
      1. I honestly thought most would say "we're close" but am surprised to see "desperately need more housing" overwhelmingly checked off.

        Delete

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