It is an interesting perspective. It is also instructive to read the responses to Tully's article, appearing via a link at the bottom of the article.
Some point out in the responses that oil is unlike Tully's example of housing in that it is a geologically dwindling supply, hence that high prices are here to stay. However, this perspective overlooks that housing is not the only area where wildly fluctuating prices relate to a given commodity in a classic supply/demand scenario. For example, both gold and silver are also resources where supply is limited by geology, yet their prices have seen deep valleys and steep peeks, driven by market forces.
In the end, it is very difficult to tell what will happen. Of course, I hope Tully is right (and the sooner, the better), but there are many, many factors involved.
Thank you for posting the link to the article. It is informative and thought provoking.
A couple of days after most people sell their RVs due to the high price of fuel!
And of course, once the prices drop, everyone will want to go buy an RV, and be complaining about how the prices are going up on those!!
It's a cyclical world!! Keep your RV.....buy now, if you're thinking that way...it's the best of times!!
DH Bill / DW Claudia / DD Jenn / DS Chris The Paps! Sophie, Abby, Brandy, Kahlie and Annie
2000 Winnebago "Minnie" 31C, Ford V-10
Purchased April Fools Day, 2008 The Pets
There is nothing supporting these high prices except speculation. Crude oil is readily available and there are no major disasters affecting production. So there is no rational reason, besides the weak dollar, that the price has been pushed up so high.
Speculation on land and housing created a bubble that burst. Speculation in the dot.com internet caused a bubble that burst. No reason this onecouldn't burst also.
Economics being economics, this too will shake out.
Dave & Mary
Isabel (a cuddly little Boston)
Buddy (The Beast) another Boston
2005 Itasca Suncruiser 35A
2003 Jeep Liberty
If it's listed in the Yellow Pages, the government shouldn't be messing around with it.
It must be a supply and demand thing. Why? Every time I fill up my truck, the price goes up afterwards. I must be me driving up cost then?
Oh, and the article, well stated and easy to understand, and right on if you ask me.
Cold Weather Camping Mods A Bunch of Ways to Mod Your RV
'08 Ford F150KR Screw 5.4L LB Auto 3.73LS 4x4
'07 Ford F350 XLT CC LB PSD Auto 3.73 4x4 - SOLD
'08 Thor Summit 27RBS TT - 9000 GVWR, 7500 loaded, 875 TW
'06 Kipor 3500Ti Generator
Maybe RV's will be the next bubble after oil crashes!
Tim & Cindy
2008 Holiday Ramber Admiral 35SFD
Enjoy our travels and meeting new people
Still working FT as a professional (both of us)
Former Army (7 Years) and Persian Gulf Veteran
Great articale and very re-assurring. It does make sense, if some of you remember the "gas shortage" in the 70's. Everyone was worried that we are going to run out of gas and our country would falter. Didn't happen!
Hopefully this to will go away. I would love to see gas back at $1.50 a gallon again.
2004 F-250 FX4 CC PSD, P3 Brake Controller, Valley Hitch w/ slide
2007 Wildcat 32QBBS, 1 1/2 bath
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& Mary 
