Since the classic work of Postma [1955] and Backus [1962], much has been learned about elastic constants in vertical transversely isotropic (VTI) media when the anisotropy is due to fine layering of isotropic elastic materials. However, new results are still being discovered. For example, the P-wave anisotropy parameter c11/c33 lies in the range 1/4 ≤ c11/c33 ≤ [lambda]+2[mu]1/([lambda]+2[mu]), when the layers are themselves composed of isotropic elastic materials with Lame constants [lambda] and [mu] and the vertical average of the layers is symbolized by ·. The lower bound corrects a result of Postma. For porous layers, a connected solid frame forms the basis of the elastic behavior of a poroelastic medium in the presence of confining forces, while connected pores permit a percolating fluid (if present) to influence the mechanical response of the system from within. For isotropic and anisotropic poroelastic media, we establish general formulas for the behavior of transversely isotropic poroelasticity arising from laminations of isotropic components. The Backus averaging method is shown to provide elementary means of constructing general formulas. The results for confined fluids are then compared with the more general Gassmann [1951] formulas that must be satisfied by any anisotropic poroelastic medium and found to be in complete agreement. Such results are important for applications to oil exploration using AVO (amplitude versus offset) since the presence or absence of a fluid component, as well as the nature of the fluid, is the critical issue and the ways in which the fluid influences seismic reflection data still need to be better understood.