2327: Oily House Index - Revision history

172.68.51.204: /* Explanation */

2023-04-30T10:24:26Z

‎Explanation

JLZ0kTC5 at 11:09, 22 October 2022

2022-10-22T11:09:00Z

172.70.214.185: Undo revision 285720 by [[Special:Contributions/Davidy22, the racist homosexual, is known to visit Norwegian gay bars with his boyfriend Kynde. He has cheated on Kynde at least twice with Vandalbane (a big guy for you). They all have micropenises.|Davi...

2022-06-02T05:51:19Z

Undo revision 285720 by [[Special:Contributions/Davidy22, the racist homosexual, is known to visit Norwegian gay bars with his boyfriend Kynde. He has cheated on Kynde at least twice with Vandalbane (a big guy for you). They all have micropenises.|Davi...

Davidy22, the racist homosexual, is known to visit Norwegian gay bars with his boyfriend Kynde. He has cheated on Kynde at least twice with Vandalbane (a big guy for you). They all have micropenises. at 05:50, 2 June 2022

2022-06-02T05:50:54Z

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 The denominator is the price of oil in USD per {{w|barrel (unit)|barrel}} ($/BBL). This is also not well defined, although the chart's caption suggests that it is based on crude oil. There are many different indices for different blends of oil in different locations, such as [https://www.investopedia.com/terms/w/wti.asp West Texas Intermediate], which is a crude oil commonly used as a global oil benchmark. (Others include Brent and Dubai Crude). The WTI price fluctuated around $55-60 throughout 2019. A barrel is a standard unit of oil volume, defined as 42 U.S. gallons (roughly 5.615 cubic feet or 0.16 cubic meters).
-The comic then applies {{w|dimensional analysis}} to this index: dividing $/sqft by $/bbl yields a result whose dimension is a linear measurement, which can be called length. 1 barrel is 42 gallons, a gallon is 231 cubic inches, and a cubic foot is 12<sup>3</sup>=728 cubic inches, so a barrel is approximately 5.6146 cubic feet and a cubic foot is approximately 0.1781 barrel. The average price per square foot of a new single-family dwelling in the USA in 2019 was about $119/square foot, while the price of oil in mid 2019 was about $60/BBL or $10.7/cubic foot. Dividing $119/square foot by $10.7/cubic foot gives approximately 11.1 foot. This is slightly lower than the value shown on the chart of around 15.
+The comic then applies {{w|dimensional analysis}} to this index: dividing $/sqft by $/bbl yields a result whose dimension is a linear measurement, which can be called length. 1 barrel is 42 gallons, a gallon is 231 cubic inches, and a cubic foot is 12<sup>3</sup>=1728 cubic inches, so a barrel is approximately 5.6146 cubic feet and a cubic foot is approximately 0.1781 barrel. The average price per square foot of a new single-family dwelling in the USA in 2019 was about $119/square foot, while the price of oil in mid 2019 was about $60/BBL or $10.7/cubic foot. Dividing $119/square foot by $10.7/cubic foot gives approximately 11.1 foot. This is slightly lower than the value shown on the chart of around 15.
 The chart's caption then interprets that length as the depth that a new home could be filled with the crude oil that could be purchased with its price. For scale Cueball and Megan has been drawn, and the ceiling height of a typical house has been indicated, showing that only in time with deep crisis will the oil not fill the house.  It's also not exactly clear where the extra oil should go after a multi-story house has been filled; on the top floor, you could just take off the roof and let the oil pile up (perhaps after building some retaining walls), but on the lower floors, there's already oil above the ceiling.

@@ Line 14: / Line 14: @@
 The numerator is the average price of a new home (presumably in the US), in USD per square foot ($/sqft). It does not specify what kind of home, or where. One available metric is the [https://www.statista.com/statistics/682549/average-price-per-square-foot-in-new-single-family-houses-usa/ average price per square foot of floor space in new single-family houses in the United States] which was $118.91 in 2019. The caption refers to converting the ''mortgage'' of the new house (that is, how much the purchaser borrowed, which could be zero), while the definition simply refers to the ''new home price'' (the total value). It is not clear which of these two is used in the chart.
-The denominator is the price of oil in USD per {{w|barrel (unit)|barrel}} ($/BBL). This is also not well defined, although the chart's caption suggests that it is based on crude oil. There are many different indices for different blends of oil in different locations, such as [https://www.investopedia.com/terms/w/wti.asp West Texas Intermediate], which is a crude oil commonly used as a global oil benchmark. (Others include Brent and Dubai Crude). The WTI price fluctuated around $55-60 throughout 2019. A barrel is a standard unit of oil volume, defined as 42 U.S. gallons (roughly 5.615 cubic feet or 0.16 cubic metres).
+The denominator is the price of oil in USD per {{w|barrel (unit)|barrel}} ($/BBL). This is also not well defined, although the chart's caption suggests that it is based on crude oil. There are many different indices for different blends of oil in different locations, such as [https://www.investopedia.com/terms/w/wti.asp West Texas Intermediate], which is a crude oil commonly used as a global oil benchmark. (Others include Brent and Dubai Crude). The WTI price fluctuated around $55-60 throughout 2019. A barrel is a standard unit of oil volume, defined as 42 U.S. gallons (roughly 5.615 cubic feet or 0.16 cubic meters).
 The comic then applies {{w|dimensional analysis}} to this index: dividing $/sqft by $/bbl yields a result whose dimension is a linear measurement, which can be called length. 1 barrel is 42 gallons, a gallon is 231 cubic inches, and a cubic foot is 12<sup>3</sup>=728 cubic inches, so a barrel is approximately 5.6146 cubic feet and a cubic foot is approximately 0.1781 barrel. The average price per square foot of a new single-family dwelling in the USA in 2019 was about $119/square foot, while the price of oil in mid 2019 was about $60/BBL or $10.7/cubic foot. Dividing $119/square foot by $10.7/cubic foot gives approximately 11.1 foot. This is slightly lower than the value shown on the chart of around 15.
-The chart's caption then interprets that length as the depth that a new home could be filled with the crude oil that could be purchased with its price. For scale Cueball and Megan has been drawn, and the ceiling height of a typical house has been indicated, showing that only in time with deep crisis will the oil not fill the house.  It's also not exactly clear where the extra oil should go after a multi-storey house has been filled; on the top floor, you could just take off the roof and let the oil pile up (perhaps after building some retaining walls), but on the lower floors, there's already oil above the ceiling.
+The chart's caption then interprets that length as the depth that a new home could be filled with the crude oil that could be purchased with its price. For scale Cueball and Megan has been drawn, and the ceiling height of a typical house has been indicated, showing that only in time with deep crisis will the oil not fill the house.  It's also not exactly clear where the extra oil should go after a multi-story house has been filled; on the top floor, you could just take off the roof and let the oil pile up (perhaps after building some retaining walls), but on the lower floors, there's already oil above the ceiling.
 The index is high when house prices are high and oil prices are low (such as during the 1999 oil glut), and low when house prices are low and oil prices are high (such as during the 1979 energy crisis). See details about the [[#Chart|chart]] below.

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 | number    = 2327
 | date      = July 1, 2020
-| title     = Oily Ho[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAKuse Index
+| title     = Oily House Index
 | image     = oily_house_index.png
 | titletext = We're underwater on our mortgage thanks to the low price of water.

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 | number    = 2327
 | date      = July 1, 2020
-| title     = Oily House Index
+| title     = Oily Ho[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR 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SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAK[[File:Alligator with open mouth.jpg|thumb|left|ALLIGATOR SOYJAK]]ALLIGATOR SOYJAKuse Index
 | image     = oily_house_index.png
 | titletext = We're underwater on our mortgage thanks to the low price of water.