[gleeaikin]

"I truly do not understand the pump in the homies, though."

I truly do not understand the above sentence, can you translate please.

I have been following the oil prices for a while. Saw a TV program that said if it weren't for various manipulations, the true price of oil should be around $40 or $50. On the other hand I attended a conference on "peak oil" featuring Mr Lundberg of Lundberg Letter fame. There the projection was that because of growth in China and India, oil could reach $200/barrel in 5 or 10 years.

[Attention Surplus Disorder]

"homies" = the homebuilder sector, stock market talk.

examples:

NVR
HOV
LEN
MTH
WCI
PHM
MDC
TOL

I acknowledge that some of these stocks have a P/E of 3 or 4, but the news out of this sector has been nothing short of dismal.

[photodawg]

Saw a TV program that said if it weren't for various manipulations, the true price of oil should be around $40 or $50. On the other hand I attended a conference on "peak oil" featuring Mr Lundberg of Lundberg Letter fame. There the projection was that because of growth in China and India, oil could reach $200/barrel in 5 or 10 years.



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translate manipulations as speculators in futures market. this is short term and dependent on geopolitics, as well as market prices.

Peak oil is more long term. Supply demand is very tight and we are consuming at a rate far greater than our ability to replace supply.