market expects oil prices to rise in the coming years.
This means more oil drilling. WTRG Economics illustrates the relationship between oil prices and domestic US drilling activity. Despite the horrific BP drilling accident in the Gulf of Mexico, our economy and lifestyle is, and will remain for quite some time, dependant on hydrocarbons.
Thursday, May 13, 2010
The Research Institute for Housing America, part of the Mortgage Bankers Association, has published an interesting study looking at What Happens to Household Formation in a Recession. They conclude that homeowner vacancy rates have increased markedly over the past few years and rental vacancy rates have also drifted upwards. This naturally begs the question: Where have these households gone? Well, not into rentals as rental vacancy rates have been steadily moving upward.