Oil based vs water based Polyurethane: which is better?

Lately, I've been getting a lot of questions from my customers asking which is better - oil based polyurethane or water based?

I usually recommend the use of oil based polyurethane for the following reasons:
1.  Oil based looks better
2.  Oil based lasts longer
3.  Oil based costs less

While I generally recommend and use oil based polyurethane, there are some circumstances where water based might be a better option.  For the full article read Water based polyurethane vs. oil based polyurethane - which is better for refinishing hardwood flooring?