Friday, October 10, 2008

NEW GAME?

Well one thing for sure, the gas is getting cheaper. The bad news is that as the gas prices get lower, all the new energy projects will bite the dust. From oil shale in Canada to Boone Pickens' "hot air" the wind energy project will become worthless, the unemployment in oil industry will rise and the real estate markets in Texas will follow suite. Here is the good news, the Russians will go broke, Putin and Chavez will shut up, and the real estates in Dubai, the future home of Mr Bush will be cheaper. The soverign funds of gulf countries will sell their shares and real estate holdings in the US and Europe on the cheap, back to us.

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