Links for July 3

Today we outsource with some interesting links on oil markets and housing.

Lots of useful observations on oil supply and demand from Yves Smith, including the fact that BP's Thunder Horse, which promises soon to be pumping a quarter million barrels per day of crude oil out of the Gulf of Mexico, has finally started production.

Ironman gives us another neat tool to calculate whether it pays to move closer to your worplace.

Phil Miller describes what it's like to find oil in your backyard in North Dakota.

WSJ Real Time Economics surveys various takes (all negative) on today's jobs report.

And the always useful Calculated Risk updates graphs of the price-to-rent ratio and directs us to modern ghost towns among the would-be Los Angeles exurbs.

Source: Calculated Risk

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